Hind Rectifiers Ltd. Acquires BeLink Solutions

Creating a European Hub for Next-Gen Robotics, Power Electronics and EMS.

Mumbai, 19^th September 2025: Hind Rectifiers Limited, a leading manufacturer of Power Semiconductors, Power Electronic Equipments and Railway Transportation Systems, is pleased to announce strategic transaction in Europe to strengthen its position in the global Robotics and EMS markets.

Hind Rectifiers Limited has acquired BeLink Solutions, a France-based Robotics, EMS and Electronics R&D company with 38 years of experience in the electronics industry. This acquisition provides Hirect with a strategic manufacturing hub in Europe, strengthening its global presence.

Overview of Proposed Transaction

• Hirect, through its proposed subsidiary, has acquired the business and operating assets of BeLink Solutions for a total consideration of EUR 1 million, which will be paid entirely in cash and funded through internal accruals.
• A total of EUR 2 million is being infused into the proposed subsidiary, of which, Hirect will subscribe EUR 1 million as preference shares solely on its own, and the remaining EUR 1 million will be issued as equity shares in which Hirect will take 66% while the promoter group companies will subscribe the balance 34%.
• The transaction brings under Hirect’s ownership a state-of-the-art Production and Testing infrastructure. Additionally, the acquisition includes all the Plant & Machinery, intellectual property, technology, customer contracts, and purchase orders.

 Rationale for the Transactions

Establishes a European base for EMS, Robotics and Power Electronics manufacturing: The acquisition of BeLink Solutions provides Hirect with a strategic manufacturing base in Europe, enhancing its global manufacturing capabilities

• Access to world-class infrastructure: BeLink Solutions offers SIX fully automated production lines and advanced testing equipment, enabling Hirect to meet the evolving demands of its customers.
• Strong revenue visibility and growth potential: BeLink is expected to generate EUR 13 million in revenue for 2025, with an additional EUR 10 million in pending orders for 2026.

 Commenting on the acquisitions, Mr. Suramya Nevatia, Chairman, Managing Director & CEO of Hind Rectifiers Limited, said:

 “The acquisition of BeLink Solutions marks a decisive step for Hirect. It gives us not only a strong base in Europe but also the ability to combine advanced production capabilities with deep R&D in robotics.

With BeLink’s sophisticated infrastructure and Hirect’s expertise in Power Electronics we can deliver at scale while also pushing the boundaries of future ready innovation. This dual strength — operations excellence and technology leadership — is what will drive our growth in mobility, energy, and industrial markets worldwide.

This is more than an acquisition; it is the cornerstone of our global strategy to build, innovate, and lead in advanced electronics.”