Pricol Acquires Sundaram Auto's Injection Moulding Business

04 Dec 2024 CW Team

Automotive components manufacturer Pricol has announced the acquisition of Sundaram Auto Components' (SACL) injection moulding business for Rs.2,153 million in an all-cash, debt-free deal. The acquisition will be executed through Pricol鈥檚 wholly-owned subsidiary, Pricol Precision Products Pvt Ltd.

With the deal, Pricol is set to achieve a consolidated topline of approximately Rs.7,300 million, leveraging SACL鈥檚 strong financial performance.

"This acquisition positions Pricol as an integrated solution provider, focusing on innovation and sustainable growth," said Vikram Mohan, Managing Director of Pricol.

SACL, a part of the TVS Motor Company, has been a trusted partner of Pricol. Commenting on the development, TVS Motor Company Group CFO K Gopala Desikan said, 鈥淲e are pleased that Pricol, our long-term supplier partner, is taking over this business as we realign our capital allocation strategies.鈥�

The deal is subject to adjustments outlined in the agreement and marks a strategic move by Pricol to enhance its capabilities and expand its market footprint.

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