iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Samvardhana Motherson plans acquisition of Rollon Hydraulics for Rs 103 crore

10 Jul 2023 , 12:43 PM

Samvardhana Motherson International Limited (SAML) announced that the company has inked an agreement with Rollon Hydraulics Private Limited for acquisition of 100% stake.

As of March 31, 2023, the acquisition is valued at Rs 76.5 crore in terms of enterprise value. The acquisition cost Rs 103 crore in terms of equity value.

In a regulatory filing, SAML stated that the transaction is expected to close in the second quarter of the fiscal year 2023-24, subject to the satisfaction of closing conditions.

Rollon Hydraulics, headquartered in Bengaluru, is capable of producing, assembling, and supplying high-precision turned parts, spools, and other machined components for critical engineering applications. It runs two manufacturing plants.

SAML intends to use this acquisition to strengthen its existing Precision Metals & Modules division and expand into the construction, agriculture, and material handling markets by offering complex ‘Spools & turned parts’ for hydraulic valve applications.

The agreement is expected to widen the auto component maker’s existing machining footprint in India and Mexico, according to the statement. 

At around 12.39 PM, Samvardhana Motherson was trading 0.77% lower at Rs 90.65, against the previous close of Rs 91.35 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Samvardhana Motherson
  • Samvardhana Motherson News
  • Samvardhana Motherson Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.