The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.
Automotive Components: RSB Transmissions Strengthens Automotive Platform with Acquisition of Setco Auto Systems
RSB Transmissions (RSB), a Bain Capital-backed automotive components platform, has completed the acquisition of Setco Auto Systems (SASPL), a supplier of MHCV clutch systems and aftermarket drivetrain solutions. SASPL was a material subsidiary of Setco Automotive Limited (SAL).
Commenting on the transaction, R.K. Behera, Chairman at RSB Group said: “We are excited to partner with SASPL and build on its strong manufacturing foundation, customer-first approach and market presence. This acquisition represents a significant milestone in executing our platform strategy, reinforcing our commitment to creating a differentiated, systems-led automotive components player. We see a compelling strategic fit across operational capabilities, product scope, and customer reach, with multiple levers to drive synergies and sustainable value creation for all stakeholders.”
Saahil Bhatia, Partner at Bain Capital said: “India’s commercial vehicle sector continues to present compelling platform-building opportunities, supported by increasing formalization of the aftermarket and deeper OEM supply chain localization. The Setco brand brings three decades of market leadership, deep OEM relationships, and strong brand recognition in the aftermarket segment. Combined with RSB’s established platform and operational capabilities, we see a clear path to unlocking significant value. We remain committed to supporting management in executing this opportunity.”
Cybersecurity: Zscaler Announces Intent to Acquire Symmetry Systems, Inc
Zscaler announced its intent to acquire Symmetry Systems, Inc., a platform in identity mapping and data access for AI security, combining Zero Trust and Access Graph Technology to map and secure AI agent communication.
“As enterprises rapidly adopt AI, the old playbook for governing access built around users and directories cannot scale to millions of AI agents,” said Jay Chaudhry, Chairman and CEO of Zscaler. “With Symmetry Systems, we are adding the access graph that maps how every identity, application, and data source connects across the enterprise. This foundational visibility is what Zscaler’s Zero Trust Exchange will use to govern agent-to-application and agent-to-agent communication at scale, giving customers the actionable control they need to safely embrace AI.”
“Symmetry Systems’ mission is deep security research that earns real customer love. Zscaler is an inspiration on both counts,” said Mohit Tiwari, CEO, Symmetry Systems. “We believe the dominant security platforms of the AI era will govern how information flows between identities across zero-trust networks. As AI disintermediates applications, endpoints, and traditional network boundaries, identities and data become the new control plane for enterprise security. In this world, legacy security models centred on endpoints, applications, or perimeter networks increasingly operate at the wrong layer of abstraction. Together, Symmetry Systems and Zscaler are building the information flow network for the age of AI.”
EPC: Vikran Engineering Acquires 49% Stake in NOPL Solar Projects
Vikran Engineering Limited (VEL), an Indian emerging multisector EPC (Engineering, Procurement, and Construction) companies, announced the execution of a Share Purchase Agreement to acquire a 49% equity stake in NOPL Solar Projects Private Limited for INR 4.9 crore, marking a strategic expansion of its presence in India’s renewable energy sector.
Commenting on the development, Rakesh Markhedkar, CMD, Vikran Engineering Limited, said: “This acquisition reflects our intent to deepen Vikran Engineering’s presence in sectors that will define India’s next phase of infrastructure growth. Renewable energy continues to emerge as one of the most compelling long-term opportunities within India’s infrastructure landscape, and this investment enables us to strengthen our foothold in the solar segment. Through this partnership, we aim to capitalize on the expanding solar ecosystem, enhance our project execution capabilities, and create sustainable long-term value for all stakeholders.”
Data Center Infrastructure: Vertiv Strengthens Liquid-Cooling System Capability with Acquisition of Strategic Thermal Labs
Vertiv (NYSE: VRT), a firm in critical digital infrastructure and continuity solutions, announced it has acquired Strategic Thermal Labs LLC (STL), a specialist in advanced liquid-cooling technologies. The acquisition extends Vertiv’s thermal-chain strategy by strengthening engineering capability at the interface between server-side liquid cooling and supporting infrastructure—an increasingly critical factor in high-density, liquid-cooled environments supporting AI and high-performance computing workloads.
“As AI and high?performance computing push power densities to unprecedented levels, understanding and solving heat challenges at the chip level becomes critical to system design, performance and reliability,” said Scott Armul, chief product and technology officer at Vertiv. “STL brings deep expertise and proven capability in addressing some of the industry’s most demanding chip-level density and thermal problems, strengthening Vertiv’s ability to emulate and validate system-level solutions and enabling customers to improve performance and lifecycle outcomes in liquid-cooled environments.”
Chip: Quest Global Acquires BITSILICA to Strengthen Semiconductor Portfolio
Quest Global, the independent pure-play engineering services company, announced the acquisition of BITSILICA, an India-based semiconductor design services company. The acquisition will strengthen Quest Global’s semiconductor offerings and expand its footprint in supporting global semiconductor customers. It will also accelerate the company’s strategy to build full-stack capabilities from concept-to-silicon-to-software.
Ajit Prabhu, Co-founder and CEO, Quest Global, commented, “We are excited to welcome BITSILICA to the Quest Global family. We share a common passion to serve our clients as trusted thinking partners. Together, we are uniquely positioned to deliver on the specific challenges and requirements our clients face in the Semiconductor industry.”
Commenting on the acquisition, Bhaskar Kakani, Co-founder and CEO, BITSILICA, said, “We couldn’t be more excited about this new phase in our company’s growth. Quest Global’s relentless pursuit to innovate and help clients solve their hardest engineering problems is a strategic fit with BITSILICA’s clients and purpose. This partnership marks an important milestone for us, and I am thrilled what our combined teams will accomplish together.”
