MUMBAI – Syrma SGS Technology has completed the closing of its joint venture with Italy-based Elemaster S.P.A, finalizing a strategic partnership aimed at expanding capabilities in electronics manufacturing services.

The transaction, originally announced in September, establishes a new entity through Syrma SGS Design and Manufacturing Private Limited, with Syrma SGS holding a 60% controlling stake and Elemaster owning the remaining 40%. 

The deal was finalized during a board meeting on April 14 and aligns with previously disclosed terms. The joint venture is expected to strengthen both companies’ positions in global EMS markets by combining Syrma’s manufacturing footprint with Elemaster’s technology expertise.