Acquisitions24 Jul 2026, 02:34 pm
Jamna Auto Industries to Acquire Owen Springs Limited for £2M
AI Summary
Jamna Auto Industries Ltd announced its Board of Directors has approved the acquisition of the entire issued share capital of Owen Springs Limited, a UK-based manufacturer and trader of leaf and parabolic springs. The deal, valued at £2,000,000 (subject to adjustments), is expected to be completed by August 31, 2026. This strategic acquisition aligns with Jamna Auto's 'Lakshya – RISE 5000' strategy, aiming to expand into new markets, strengthen its international presence, enhance customer access, and create operational synergies. Owen Springs Limited reported revenue of £2,761 thousands for the calendar year ended December 31, 2025.
Key Highlights
- Jamna Auto to acquire 100% of UK-based Owen Springs Limited.
- Acquisition cost is £2,000,000 in cash, subject to adjustments.
- Deal aims to expand market presence and create operational synergies.
- Acquisition is part of the 'Lakshya – RISE 5000' growth strategy.
- Completion expected by August 31, 2026.
Price Impact
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