Samvardhana Motherson International acquires Rollon Hydraulics for ₹103 crore.

Samvardhana Motherson International (SAMIL) has entered into an agreement to acquire 100 per cent stake in Rollon Hydraulics (Rollon) for around ₹103 crore, which will become wholly owned subsidiary of SAMIL post-completion of the transaction.

It will be an all-cash transaction and is expected to be closed in second quarter of FY24, SAMIL in a regulatory filing.

Rollon is engaged in manufacturing, assembly and supply of high precision turned parts, spools, and other machined components with critical engineering applications for the agriculture and off-highway segment from its two facilities based out of Bengaluru, it said. Rollon reported revenue of around ₹60 crore for FY23, with a healthy profitability.

HBL