11 Nov 2025

CMS IndusLaw Advises Concord on Stake Acquisition in Fusion Electronics

"CMS IndusLaw advised Concord (Control Systems Limited) on its acquisition of a stake in Fusion Electronics Private Limited, a leading flex PCB manufacturer with c.200,000 sq. m. annual capacity. The transaction marks Concord’s strategic entry into electronic manufacturing services and expansion into the EMS ecosystem."

CMS IndusLaw advised Concord (Control Systems Limited) in its acquisition of a stake in Fusion Electronics Private Limited. Control Systems Limited acquired a stake in Fusion Electronics Private Limited, a leading flex printed circuit board (PCB) manufacturer in India. Fusion has an installed capacity of approximately 200,000 square metres annually and serves customers across the industrial, automotive and consumer electronics sectors. Concord, a listed manufacturer of electrical and electronic products for the railway industry, views the acquisition as a strategic entry into the high-value electronic manufacturing sector and as support for its broader plan to expand into the electronic manufacturing services (EMS) ecosystem. CMS IndusLaw represented Concord (Control Systems Limited) with a team composed by: Swathi Sreenath (Partner), Shreya Chaturvedi (Principal Associate) and Kaustubh Garg (Associate).
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