Samvardhana Motherson to acquire Rollon Hydraulics for Rs 103 crore

Samvardhana Motherson International Ltd (SAMIL) agreed to acquire 100% of Rollon Hydraulics Private Ltd, a precision machining company serving the agriculture and off-highway segments, for Rs 103 crore. The deal is expected to close in Q2 FY2023-24.

“This is our fifth acquisition in India in the past 12 months, reaffirming India’s importance in our future plans.”freepressjournal.in

• 3 sources
• freepressjournal.inMotherson Acquires Rollon Hydraulics To Strengthen Its Machining Business In IndiaFPJ Web DeskJul 7, 2023
• cnbctv18.comSamvardhana Motherson to acquire 100% stake in Rollon Hydraulics for Rs 103 crore - CNBC TV18Jomy Jos PullokaranJul 7, 2023
• economictimes.indiatimes.comMotherson to acquire Bengaluru-based Rollon Hydraulics - The Economic TimesJul 7, 2023

Summarized from public sources; check the original articles before acting on it.