# Samvardhana Motherson acquires ADI Group for EUR 35 million

Samvardhana Motherson International Ltd acquired French company ADI Group, which manufactures components for aircraft engines and medical devices, for EUR 35 million (approx. Rs 310 crore).

- Type: Acquisition
- Announced: 2023-10-20
- Where: France, Morocco, Tunisia, France
- Value: $37.0M (35.0M EUR)
- Status: completed
- Products: aircraft engine components, medical device components, sheet metal parts, hydraulics, mechanical assemblies, composites
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [ADI](https://endata.com/companies/16543.md) (target)
- [AD Industries Group](https://endata.com/companies/61609.md) (target)
- [Samvardhana Motherson International Limited](https://endata.com/companies/65550.md) (acquirer)
- [SSCP Aéro Topco](https://endata.com/companies/73180.md) (target)

## Sources

- [newsdrum.in](https://www.newsdrum.in/business/samvardhana-motherson-international-announces-3-acquisitions-worth-over-rs-380-cr-1565078), 2023-10-20: "The company has acquired French company ADI Group with Moroccan and Tunisian subsidiaries engaged mainly in the business of manufacturing components for aircraft engines and medical devices at a purchase consideration of 35 million Euros."
- [mobilityoutlook.com](https://www.mobilityoutlook.com/news/motherson-strengthens-non-automotive-businesses-with-acquisitions/), 2023-10-20: "In the aerospace segment, Motherson has acquired AD Industries, a French company with subsidiaries in France, Morocco, and Tunisia."
- [ad-industries.fr](https://www.ad-industries.fr/communique-interne-ad-industries/), 2023-10-23: "Cet accord d'achat est réalisé par la société Indienne Samvardhana Motherson International Limited (SAMIL)."

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