Acquisitions27 Mar 2025, 02:45 pm
Sandhar Technologies Acquires Aluminium Die Casting Businesses of Sundaram-Clayton for INR 163 Crores
AI Summary
Sandhar Technologies Ltd has entered into a Business Transfer Agreement with Sundaram-Clayton Limited for the acquisition of High Pressure and Low Pressure Aluminium Die Casting Businesses at its Hosur Plant. The cost of acquisition is INR 163 Crores, subject to adjustments set out in the Business Transfer Agreement. The Target Business is a unit of Sundaram-Clayton Limited and has been operational since 2017, with a turnover of INR 368.99 Crores for FY 22-23, INR 357.1 Crores for FY 23-24, and INR 371.84 Crores for FY 24-25 (up to Feb 2025).
Key Highlights
- Sandhar Technologies Ltd is acquiring High Pressure and Low Pressure Aluminium Die Casting Businesses of Sundaram-Clayton Limited.
- The cost of acquisition is INR 163 Crores, subject to adjustments.
- The Target Business is a unit of Sundaram-Clayton Limited and has been operational since 2017.
- The Target Business has a strong turnover record, with INR 368.99 Crores for FY 22-23, INR 357.1 Crores for FY 23-24, and INR 371.84 Crores for FY 24-25 (up to Feb 2025).
- The transaction is expected to be completed by 31st March 2025.