Acquisitions24 Jul 2026, 02:38 pm
Jamna Auto Acquires Owen Springs Limited for £2M
AI Summary
Jamna Auto Industries Ltd has approved the acquisition of the entire issued share capital of Owen Springs Limited, a UK-based company, for £2,000,000 (subject to adjustments). This strategic move aligns with Jamna Auto's 'Lakshya – RISE 5000' strategy, aiming to expand into new markets, strengthen its international presence, and enhance its global footprint. Owen Springs Limited is engaged in the manufacturing and trading of leaf and parabolic springs. The acquisition is expected to be completed by August 31, 2026, and is not considered a related party transaction. The deal is expected to create operational synergies and long-term value.
Key Highlights
- Jamna Auto to acquire UK-based Owen Springs Limited for £2M cash.
- Acquisition supports international expansion and global market position.
- Owen Springs manufactures leaf and parabolic springs.
- Deal expected to enhance operational synergies and create value.
- Completion targeted by August 31, 2026.
Price Impact
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