Flextronics to merge all Indian entities

MUMBAI: Flextronics would soon integrate all its three acquired entities in India. The new entity is expected to be named Flextronics Software Systems. According to the company spokesperson, the integration of companies would happen in phased manner and is subject to regulatory approval.





In the first phase, Hughes Software would be renamed Flextronics Software Systems and in the second phase Deccanet and Futuresoft would be integrated into Flextronics Software Systems. The shareholders have given the approval to name the new entity as Flextronics Software Systems, but final decision on this is yet to be taken by the Board members. The entire process would take at least three months time to complete.




Flextronics, the largest contract electronics manufacturer, had acquired telecom specialist Future Software Ltd (FutureSoft) last year. The acquisition came two months after Flextronics bought 55 percent in Hughes Software Systems Ltd, another telecom software company, to boost offerings to its telecom clients. The purpose of these acquisitions was to expand its footprint in India, where an abundant pool of high-tech engineers co-exists with an army of low-cost English-speaking workers who deliver back-office services.




Flextronics International Inc. has acquired Deccanet Designs Ltd., a telecommunications supplier based here providing software and hardware design services. The sale price was not disclosed. Deccanet acquisition was to bolster the company's R&D presence in India. The Deccanet addition strengthened its device manufacturing and services offerings in the area of carrier-class communication products and services.