Hind Rectifiers Limited (Hirect), a leading Indian manufacturer of power electronics and railway systems, has announced a major international expansion with the acquisition of BeLink Solutions, a French company specialising in robotics, electronics R&D, and electronic manufacturing services (EMS). The move marks a strategic push by Hirect to strengthen its global footprint and accelerate growth in high-technology segments.
The acquisition creates a critical operational hub for Hirect in Europe, unlocking advanced manufacturing capabilities and direct access to the region’s customer base. Hirect, through a newly proposed subsidiary, has completed the acquisition of the business and operating assets of BeLink Solutions for a total consideration of EUR 1 million. The transaction has been entirely funded through internal accruals, reflecting the company’s strong financial position and ability to expand without external borrowing. This move strengthens Hirect’s global presence while securing valuable operational capabilities.
As part of the transaction, Hirect will infuse EUR 2 million into the subsidiary to support future operations and growth. Of this, EUR 1 million will be invested in preference shares, while the remaining EUR 1 million will be allotted as equity shares. The equity split ensures that Hirect will retain a 66% controlling stake, with promoter group companies holding the remaining 34%. This capital structure provides both stability and flexibility for long-term expansion.
The acquisition covers a wide range of critical assets, including plant and machinery, advanced production lines, testing facilities, intellectual property, and key commercial agreements. Ongoing customer contracts and existing purchase orders are also part of the transfer, ensuring business continuity and immediate revenue contributions from BeLink’s operations.
Strategically, the deal enables Hirect to establish a permanent manufacturing footprint in Europe, allowing for local production and faster service delivery to regional customers. This localised presence reduces logistical complexities and strengthens the company’s competitiveness in a growing market for high-quality, reliable solutions.
Looking ahead, BeLink’s facilities—with six fully automated assembly lines and advanced testing infrastructure—position Hirect to scale complex manufacturing with greater efficiency. With projected revenues of EUR 13 million for 2025 and EUR 10 million in confirmed orders extending into 2026, the acquisition not only provides immediate business momentum but also lays the foundation for sustained growth in the years to come.
Suramya Nevatia, Chairman, Managing Director & CEO of Hind Rectifiers Ltd, commented on the acquisition“Bringing BeLink Solutions into the Hirect family is a transformative step in our international journey. It provides not just a strong base in Europe, but also access to advanced automation, skilled R&D, and a strong customer pipeline in robotics and EMS.”
He further added, “By combining Hirect’s deep expertise in power electronics with BeLink’s strengths in design and manufacturing, we’re well-positioned to lead innovation in key sectors such as mobility, clean energy, and industrial automation. This move is integral to our long-term vision of building a truly global electronics company.” Founded over 38 years ago in France, BeLink Solutions has built a reputation for high-quality R&D and EMS services in robotics, electronics design, and system integration. Its facility houses sophisticated production lines and serves a diverse customer base across Europe.
Established in 1958, Hind Rectifiers began as a joint venture with Westinghouse Brake & Signal Co., UK. Today, the company has grown into one of India’s foremost names in power electronics and rail transportation systems. With over 950 employees across manufacturing units in Nashik and Bhandup, Hirect exports its products to more than 30 countries and maintains offices in India, Sweden, and the UAE. Renowned for its engineering excellence and commitment to quality, Hirect serves critical infrastructure and mobility sectors, helping to power the next generation of industrial and transportation solutions.
