PREMO S.L., a leading Spanish company specializing in electronic components, and Delta Manufacturing Ltd (DML), a prominent Indian manufacturer of soft ferrite cores, have announced a strategic joint venture to advance the production and innovation of soft ferrite components for both domestic and global electronics industries. This partnership will combine PREMO’s expertise in inductive components and RFID technology with DML’s advanced manufacturing capabilities, focusing on high-performance components for sectors like automotive, telecommunications, smart grids, and the Internet of Things (IoT).
The joint venture has clear objectives, including fostering innovation by collaborating on research and development to produce superior soft ferrite components. The partnership will also ensure manufacturing excellence by utilizing state-of-the-art production facilities, guaranteeing the supply of high-quality components to global markets. Additionally, the companies aim to expand their market reach and better serve customers worldwide, capitalizing on the strengths of both organizations.
“We’re thrilled to partner with DML in this strategic joint venture,” said Andres Garcia, CEO of PREMO. “By combining our technological expertise with DML’s manufacturing strength, we will drive innovation, operational efficiencies, and broaden our product offerings.” Fernando Gomez, CFO of PREMO, added, “This collaboration will enhance our capabilities and solidify our competitive position, particularly in the automotive industry, while unlocking opportunities in other sectors.”
Abhilash Sunny, CEO of DML, expressed, “This partnership with PREMO marks a significant step forward in our mission to deliver high-quality soft ferrite components. Together, we will drive industry innovation and establish new performance standards.” The joint venture is set to begin operations in Q1 2025, with plans for a new manufacturing facility to support the development of next-generation soft ferrite components. This collaboration is a crucial step for both companies, enabling them to deliver world-class technology products in India and expand their global presence.
PREMO S.L., based in Spain, develops and manufactures electronic components focused on technologies integral to the 4th Industrial Revolution, including IoT, M2M, VR, and connected and electric vehicles. Their product range includes RFID antennas, sensors, power transformers, inductors, and current sensors.
Delta Manufacturing Ltd, located in Nashik, India, is a leading producer of magnetic components, including soft ferrite cores and magnetic assemblies. The company serves industries such as automotive, telecommunications, and industrial automation. Through this joint venture, Delta Manufacturing aims to enhance its technological expertise and expand its global footprint in the soft ferrite market.
