Acquisitions27 Jul 2026, 10:34 am
Jamna Auto Acquires UK's Owen Springs for £2 Million
AI Summary
Jamna Auto Industries Ltd announced the approval of its Board of Directors for the acquisition of the entire issued share capital of Owen Springs Limited, a UK-based company, for a cash consideration of £2,000,000. The acquisition is a strategic move to expand into new markets, strengthen international presence, and enhance access to customers and business opportunities in the UK and other regions. The deal is expected to be completed by August 31, 2026. Owen Springs Limited reported a revenue of £2,761 thousands for the calendar year ended December 31, 2025, with a PAT of £132 thousands and a net worth of £1041 thousands.
Key Highlights
- Jamna Auto to acquire UK-based Owen Springs Limited.
- Acquisition cost is £2 million in cash consideration.
- Deal aims to expand international presence and market access.
- Acquisition expected to be completed by August 31, 2026.
- Owen Springs reported £2.76 million revenue in CY2025.
Price Impact
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