| The Board of Samvardhana Motherson International at its meeting held on 15 December 2023, inter-alia, noted and approved an acquisition of Deltacarb SA (target company).
The target shall be acquired by Samvardhana Motherson International Limited (SAMIL) via 100% subsidiary of Samvardhana Motherson Automotive Systems Group BV (SMRP BV), (SAHN B.V).
Deltacarb SA is engaged in engineering, manufacturing and selling of special and standard tungsten carbide based products for various industrial applications (such as Stamping, Wear resistant parts,
Metal working, Mining etc.).
The cost of acquisition is 4.5 million CHF. |