Mumbai, July 16 -- In the first deal, Dixon signed a binding term sheet to acquire a 51% stake in Q Tech India. The collaboration will focus on manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications. The acquisition will be completed through a mix of primary and secondary investments and is subject to regulatory approvals and definitive agreements.

Atul B. Lall, vice chairman and managing director of Dixon Technologies (India), added that "Acquiring majority stake in Qtech India is a major step forward in Dixon's journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT...