Tuesday 17 November 2020
Private equity firm Sterling Group has acquired iLife Digital Technology, a leading personal computer manufacturer, for an undisclosed amount.
Sterling Group will help iLife Digital accelerate future growth. From the group’s perspective, the deal allows it to catapult its presence in a lucrative sector buoyed by positive developments. The investment will boost iLife Digital’s growth plans, increase its market share and help expand in other geographies.
Headquartered in Dubai, iLife Digital Technology has had a pan-India presence for around three years. It plans to enter new channels such as large-format retailers, dealers, and the enterprise segment, with prime focus on the rapidly growing education market.
iLife plans to introduce products targeting the enterprise segment, such as Chromebooks, commercial desktops, monitors, notebooks, and servers. The company envisages overseas expansion, which includes Central and Eastern Europe, USA, and Latin America.