Acquisitions29 Oct 2025, 07:01 pm
Samvardhana Motherson International Ltd Acquires Rubbertec Group's Business and Assets for ~USD 5.7 Mn
AI Summary
Samvardhana Motherson International Limited (SAMIL) has announced the acquisition of the Business and Assets of Rubbertec Group, an Australian-based company producing rubber linings, mining hose, and other wear-related components. The transaction, valued at approximately USD 5.7 Mn (AUD 8.6 Mn), is expected to be completed by Q3 FY 25-26, subject to customary condition precedents. The acquisition aims to provide SAMIL with direct access to an established customer base within the Mining Industry, enhance its national footprint, and create synergies between product ranges for vertical integration and cross-selling.
Key Highlights
- Acquisition of Rubbertec Group's Business and Assets by Samvardhana Motherson International Limited
- Transaction valued at approximately USD 5.7 Mn (AUD 8.6 Mn)
- Expected completion in Q3 FY 25-26, subject to customary condition precedents
- Direct access to an established customer base within the Mining Industry
- Enhanced national footprint and local capabilities within Australia
- Potential for vertical integration and cross-selling
- Combined R&D capabilities to develop specialized rubber solutions for extreme industrial conditions