Merger15 Apr 2026, 07:41 pm
Samvardhana Motherson merges foreign indirect subsidiary SMIA into SMIA Tech
AI Summary
Samvardhana Motherson International Ltd. announced the merger of its indirect wholly-owned subsidiary, Samvardhana Motherson Innovative Autosystems B.V. & Co. KG (SMIA), into SMIA Technology Germany GmbH. The merger was registered on April 2, 2026, with SMIA ceasing to exist from March 31, 2026. SMIA reported a turnover of Euro 157,664,444 for the financial year ended March 31, 2025, while SMIA Technology had nil turnover. Post-merger, SMIA's revenue and assets will be integrated into SMIA Technology. The company stated the rationale for the merger is to simplify the corporate structure and increase operating efficiency. Both entities are involved in the manufacturing and sale of automotive accessories and plastic parts.
Key Highlights
- Indirect subsidiary SMIA merged into SMIA Technology Germany GmbH.
- SMIA had a FY25 turnover of Euro 157.66 million.
- Merger aims to simplify corporate structure and boost efficiency.
- SMIA's business involved manufacturing injection-moulded plastic parts.