Salcomp acquires another defunct factory inside Nokia SEZ in Chennai

Finnish electronics manufacturer Salcomp, one of the largest suppliers of chargers for Apple iPhones, on Thursday announced acquisition of a defunct factory owned by Jabil Circuit, a US-based electronics manufacturing services, inside the Nokia Telecom SEZ in Sriperumbudur.

Sources said the deal was inked for Rs 42.50 crores. Jabil Circuit had shut its operations at the factory in Sriperumbudur, 50 kms from Chennai, a few years back.

This is Salcomp’s fourth acquisition within the Nokia Telecom Park that began to function in early 2000s and the Nokia factory was one of the symbols of India’s economic success story.