The board of Creative Newtech at its meeting held on 13 July 2026 has approved the proposed acquisition of 100% equity share capital of Infinova (India) Private Limited, a part of the Infinova Global Group. According to reports from Business Standard, the board has approved a budget of up to USD 4 million for this acquisition. The budget encompasses consideration payable to the Infinova Group at closing, acquisition-related transaction costs, and professional fees and expenses incurred in connection with the proposed acquisition. The transaction is not a related-party transaction, and the promoters of Creative Newtech have no interest in the target entity other than the proposed deal.
The proposed acquisition includes Infinova's business operations in India, exclusive brand rights, technical assistance, existing experienced team, product assembly and manufacturing facility. As reported by Business Standard, this acquisition is expected to provide Creative Newtech with a strong foundation to progressively build its own Make in India surveillance technology platform, supported by local assembly and manufacturing capability, product ownership and stronger after-sales support. The transaction supports the company's transition from a primarily distribution-led model to a more integrated, technology-led surveillance business platform. The deal includes the transfer of a product assembly and manufacturing facility located in Pune, with the consideration to be paid in cash, subject to valuation reports and closing adjustments.
Infinova (India) Private Limited, incorporated in 2010, specializes in electronic security and video-surveillance products, including smart IP cameras and intelligent video-management software. The entity serves critical infrastructure sectors such as airports, metro projects, and smart cities. The acquisition of this established player in the electronic security sector will provide Creative Newtech with comprehensive capabilities including business operations, brand rights, technical expertise, and manufacturing infrastructure.
The completion of the acquisition is contingent upon satisfactory due diligence, necessary corporate and regulatory approvals, and the execution of definitive agreements. The company will disclose the final transaction numbers and closing details upon completion. According to the latest regulatory filings, the transaction is subject to regulatory approvals and the execution of definitive agreements before closing. The deal represents a significant strategic move for Creative Newtech to establish a more integrated approach to surveillance technology, combining local manufacturing capabilities with established brand recognition and technical support systems.
