# Wheels India to merge Sundaram Hydraulics into itself

Wheels India Ltd announced the merger of Sundaram Hydraulics Ltd, a hydraulic cylinder manufacturer, into itself, effective October 1, 2021, subject to approvals. The board approved the scheme on December 7, 2021.

- Type: Acquisition
- Announced: 2021-12-07
- Where: India
- Status: announced
- Products: hydraulic cylinders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Wheels India](https://endata.com/companies/24987.md) (acquirer)
- [Sundaram Hydraulics](https://endata.com/companies/59524.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/wheels-india-to-merge-sundaram-hydraulics-with-itself/article37893500.ece), 2021-12-08: "The board of WIL, at its meeting on December 7, approved the scheme of amalgamation of ₹57.5 crore Sundaram Hydraulics Ltd (SHL), promoted by WIL and Sundaram Finance Ltd, based on the recommendations of the audit committee and independent directors."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.