Hyperion Materials & Technologies to Acquire Electronica Tungsten Ltd.

Acquisition will strengthen Hyperion's manufacturing footprint and supply chain in Asia-Pacific region.

Mar. 16, 2026 at 3:25pm

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Hyperion Materials & Technologies, a global leader in advanced hard and super-hard materials, has announced an agreement to acquire Electronica Tungsten Ltd, a Nashik, India-based manufacturer of tungsten carbide products for metal cutting, forming and mining applications. The acquisition will provide Hyperion with new capabilities to better serve customers in the Asia-Pacific region and enhance the company's circularity through Electronica Tungsten's vertically integrated tungsten platform and recycling capabilities.

Why it matters

The acquisition allows Hyperion to expand its manufacturing and supply chain presence in the fast-growing Asia-Pacific market, while also strengthening its sustainability efforts through increased tungsten recycling. Electronica Tungsten's vertically integrated operations and expertise in complex industrial applications complement Hyperion's global leadership in tungsten carbide powders and precision products.

The details

Under the agreement, Hyperion will acquire Electronica Tungsten, which specializes in manufacturing tungsten carbide products for wear, metal cutting and metal forming applications across industries like oil and gas, mining and agriculture. Electronica Tungsten brings a vertically integrated tungsten platform in India, spanning upstream conversion of mined tungsten ore concentrates as well as closed-loop recycling of hard and soft tungsten scrap. By combining Electronica Tungsten's upstream and recycling strengths with Hyperion's global leadership in tungsten carbide, the integrated company will enhance supply security, accelerate circularity, and deliver 'powder-to-precision' solutions at global scale.

  • The acquisition is expected to be completed by the end of Q1 2026, following customary regulatory approvals and completion of certain pre-closing conditions.

The players

Hyperion Materials & Technologies

A leading global materials science company specializing in advanced hard and super-hard materials, with more than 70 years of experience developing cemented carbide, diamond and cubic boron nitride technologies.

Electronica Tungsten Ltd.

A Nashik, India-based company that specializes in the manufacturing of tungsten carbide products for wear applications, metal cutting applications and metal forming applications for oil and gas, mining, agriculture and other industries.

Mudassir Fajandar

Hyperion's Senior Vice President for the APAC region.

Adwait Dharmadhikari

Managing Director at Electronica Tungsten.

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What they’re saying

“Electronica Tungsten is exactly the partner that we need to strengthen our manufacturing footprint in Asia. With their four state-of-the-art manufacturing facilities and their ability to make highly complex oil and gas wear products, as well as other carbide solutions, Electronica Tungsten will help us better serve our customers in Asia as we look to enhance our customer intimacy in the region.”

— Mudassir Fajandar, Hyperion's Senior Vice President for the APAC region

“We are excited for the opportunity to pair our product portfolio with Hyperion's R&D and material science expertise to help develop new products for India, Asia and beyond.”

— Adwait Dharmadhikari, Managing Director at Electronica Tungsten

What’s next

The acquisition is expected to be completed at the end of Q1 2026 following customary regulatory approvals and completion of certain pre-closing conditions.

The takeaway

This acquisition allows Hyperion to expand its manufacturing and supply chain presence in the fast-growing Asia-Pacific market, while also strengthening its sustainability efforts through increased tungsten recycling capabilities gained from Electronica Tungsten's vertically integrated operations.