Gabriel India gains an additional annual manufacturing capacity of 3.2 million shock absorbers and 1 million gas spring units through this acquisition. Gabriel India, the flagship company of the ANAND Group, acquired assets from Marelli Motherson Auto Suspension Parts Private Limited (MMAS). ETAuto learns that the deal value stands at INR 60 crore.
This acquisition expands Gabriel India's product portfolio and manufacturing capacity in the suspension business, aligning with their commitment to innovation and shareholder value. The acquisition includes a License Agreement and a Technical Assistance Agreement with Marelli Suspension Systems Italy S.p.A.
Asset purchase agreement
The deal involves an asset purchase agreement and was unanimously approved by Gabriel India's Board of Directors. MMAS, a joint venture between Marelli Europe S.p.A. and Samvardhana Motherson International Limited, specialises in designing, producing, and marketing passive shock absorbers, including semi-corner modules and gas springs, for cars and commercial vehicles. This acquisition provides Gabriel India access to advanced suspension technologies and expands its customer base.
Gabriel India gains an additional annual manufacturing capacity of 3.2 million shock absorbers and 1 million gas spring units through this acquisition. The company intends to leverage these new resources to enhance its market standing and deliver increased value to its shareholders.
Anjali Singh, Executive Chairperson of the ANAND Group and Gabriel India Limited, said, “This acquisition marks another milestone for Gabriel India, as it not only enhances our technological capabilities but also broadens our product portfolio and customer base. By integrating MMAS advanced suspension technologies through this acquisition, we are poised to strengthen our market position and deliver greater value to our shareholders.”
Jaisal Singh, Vice Chairman of the ANAND Executive Board, who also leads Mergers & Acquisitions for the group, said, “This strategic acquisition is one more step in Gabriel’s journey as it further strengthens its capabilities, while consistently delivering growth to its shareholders for over sixty years”.
