TUMKUR, INDIA -- Incap Corp. has signed an agreement to acquire TVS Electronics Ltd.'s contract manufacturing operations in Tumkur in a deal worth some $10 million.

The deal includes TVS's design services in Bangalore, which will be transferred to Incap Contract Manufacturing Services Pvt. Ltd.

The publicly traded, Oulu, Finland-based Incap had sales of $121 million in 2006 and employs 550 workers. TVS's