CALGARY, AB – Kaynes Technology India Limited has announced the acquisition of Canada-based August Electronics through its subsidiary, Kaynes Canada Limited. The transaction is expected to close by the end of May, pending regulatory approvals.

August will continue to operate under its existing structure, with CEO Tanya Korenda remaining in her role, while Co-Founders Jack Francis and Peter Wilson will step away.

“There is a tremendous alignment between August and Kaynes in terms of culture, capabilities and customer focus,” said Korenda.

Kaynes Managing Director Ramesh Kannan called the move “a strategic alternative to China-based sourcing” and said it strengthens the company's reach in North America.

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