Shriram Pistons Seals €159M Deal to Expand Auto Parts Portfolio
Overview
Shriram Pistons & Rings has acquired three companies from Grupo Antolin for approximately €159 million (~₹1,670 crore). This strategic move significantly broadens Shriram Pistons' manufacturing capabilities, extending its reach beyond traditional powertrain components into automotive lighting and interior parts, thereby strengthening its position across the entire automotive component value chain.
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Strategic Acquisition Boosts Shriram Pistons' Portfolio
Shriram Pistons & Rings Limited announced a significant strategic expansion through the 100% acquisition of three companies from global automotive interiors supplier Grupo Antolin. The aggregate consideration for this transaction stands at approximately €159 million, equivalent to about ₹1,670 crore.
This move is designed to substantially enhance Shriram Pistons' market presence. The acquisitions are set to diversify the company's offerings, moving beyond its established strengths in pistons, piston pins, rings, and engine valves. The newly acquired entities will integrate capabilities in automotive lighting and interior components into Shriram Pistons' operational framework.
Expanding Value Chain Presence
The integration of lighting and interior component manufacturing marks a key step in Shriram Pistons' strategy to bolster its presence across the automotive components value chain. The company, a prominent player since 1963, is a major manufacturer and exporter of engine components.
Legal advisory for Shriram Pistons on this significant deal was provided by CMS INDUSLAW. The transaction team involved Founding & Senior Partner Avimukt Dar, Partners Shantanu Jindel and Shweta Gupta, alongside associates Vatsal Agarwal and Abhinav. Extensive due diligence was conducted by a dedicated team, ensuring a smooth transition and thorough assessment of the acquired entities.
