PREMO S.L., a leading Spanish electronics components company, and Delta Manufacturing Ltd (DML), an Indian producer of soft ferrite cores, have formed a strategic joint venture. The goal is to enhance the production and development of soft ferrite components for both the domestic and global electronics industries. The partnership will combine PREMO’s expertise in inductive components and RFID technology with DML’s advanced manufacturing capabilities. This collaboration will focus on producing high-performance components for industries like automotive, telecommunications, smart grids, and the Internet of Things (IoT).
The joint venture will have clear goals, such as fostering innovation through joint research and development efforts to create superior soft ferrite components. It will also emphasize manufacturing excellence, leveraging state-of-the-art facilities to deliver high-quality components to global markets. Additionally, the companies aim to expand their market presence and better serve customers worldwide, using the strengths of both organizations.
“We are excited to partner with DML in this strategic joint venture,” said Andres Garcia, CEO of PREMO. “By combining our technological expertise with DML’s manufacturing capabilities, we aim to drive innovation, improve operational efficiencies, and expand our product offerings.” Fernando Gomez, CFO of PREMO, added, “This collaboration strengthens our capabilities and positions us competitively, especially in the automotive sector, while opening up opportunities in other industries.”
Abhilash Sunny, CEO of DML, commented, “This partnership with PREMO is a major step forward in our mission to deliver top-quality soft ferrite components. Together, we will lead industry innovation and set new performance benchmarks.” The joint venture is set to begin operations in the first quarter of 2025, with plans for a new manufacturing facility dedicated to developing next-generation soft ferrite components. This partnership is a critical move for both companies, allowing them to deliver cutting-edge technology products in India and expand their global reach.
PREMO S.L., based in Spain, specializes in electronic components essential for the 4th Industrial Revolution, including IoT, M2M, VR, and connected and electric vehicles. Its product lineup includes RFID antennas, sensors, power transformers, inductors, and current sensors.
Delta Manufacturing Ltd, located in Nashik, India, is a leading producer of magnetic components such as soft ferrite cores and magnetic assemblies. The company serves industries like automotive, telecommunications, and industrial automation. This joint venture will help DML enhance its technological expertise and expand its global presence in the soft ferrite market.
