Aeroflex Enterprises Limited, through its subsidiary M.R. Organisation Ltd., has acquired a 51 percent equity stake in ABP Impex, a company based in Portugal. The acquisition was made via M.R. Organisation’s USA subsidiary and is intended to strengthen its presence in the high-pressure compressor services market. ABP Impex specialises in high-pressure compressor parts and services […]
Redwing, a developer of Beyond Visual Line of Sight (BVLOS) drones, has acquired the assets of Swedish drone delivery company Aerit, marking its entry into the European market and expanding its drone logistics capabilities. The acquisition includes Aerit’s autonomous flight technology and machine learning-based flight routing systems, strengthening Redwing’s operational portfolio. Aerit previously collaborated with Foodora […]
Lumax Auto Technologies (LATL), a manufacturer of auto components, will acquire the remaining 25 percent stake in IAC International Automotive India from the International Automotive Components Group for INR 2.21 billion. The transaction is expected to close by 31 May 2025, following which IAC India will become a wholly owned subsidiary of LATL. LATL had […]
JOST Werke SE, a Germany-based manufacturer of safety-critical systems for commercial vehicles, has expanded its presence in India following the acquisition of Netherlands-based hydraulic systems manufacturer Hyva in February 2025 for USD 398 million. The acquisition supports JOST’s strategy to increase its market reach in India’s commercial vehicle sector and strengthen its offerings in transport, […]
Apollo Defence Industries Private Limited, a subsidiary of Apollo Micro Systems Limited, has signed a definitive agreement to acquire 100% equity in IDL Explosives Limited from GOCL Corporation Limited for INR 1.07 billion. The acquisition, structured as a cash transaction, is expected to be completed within two to three months subject to regulatory and corporate […]
SAF-HOLLAND SE has acquired the remaining 40% stake in Haldex ANAND India Private Limited from its joint venture partner ANAND Group, making the company a wholly owned subsidiary. The transaction, which became effective on April 11, 2025, is part of SAF-HOLLAND’s ongoing strategy to strengthen its position in the Indian commercial vehicle components market. Haldex […]
Mahindra & Mahindra Ltd. (M&M) announced the acquisition of a 58.96% stake in SML Isuzu Ltd. (SML) for a total cash consideration of approximately USD 66.6 million. The acquisition involves purchasing 43.96% equity from Sumitomo Corporation and 15% equity from Isuzu Motors Ltd. at INR 650 per share. M&M will also make an open offer […]
Godrej Industries’ Chemicals Business has completed the acquisition of the food additives business of Savannah Surfactants Limited. The acquired unit, located in Goa, includes a manufacturing facility with a capacity of 5,200 metric tons per annum (MTPA) of finished products. The transaction, finalized at the beginning of the 2025–26 fiscal year, marks a move by […]
Belrise Industries has acquired H-One India, the Indian subsidiary of Japan-based H-One Co., in a move aimed at expanding its automotive manufacturing operations in India. The acquisition includes two manufacturing facilities located in North India and is expected to enhance Belrise’s production capacity and supply chain efficiency. H-One India is involved in the design and […]
Sundaram Finance Holdings Limited (SFHL) has announced plans to acquire 24.16% of the equity share capital in Axles India Limited for a total consideration not exceeding INR 1.83 billion. The transaction involves the purchase of 6,158,208 equity shares at INR 296.65 per share from Dana Global Products Inc., a foreign promoter of Axles India. Following […]