Rakon seeks to buy out Indian joint venture manufacturing partner for US$5.5 mln

Mon, 26 Feb 2018

By Paul McBeth Feb. 27 (BusinessDesk) - Rakon is seeking to buy out its senior partner in an Indian joint venture for US$5.5 million, giving it control of what it says is a core part of the component maker's manufacturing strategy. Auckland-based Rakon is in "advanced discussions" with Centum Electronics to buy its 51 percent stake in Centum Rakon India Private Ltd, a joint venture set up in 2008 pooling the firms' respective expertise in frequency control products. Rakon shifted manufacturing to India in 2012 in an effort to cut costs,...

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