Gabriel India Limited — JV/Acquisition, 24-01-2025: Acquisition

Gabriel India Limited (GIL) has entered into an Asset Purchase Agreement to acquire fixed assets and inventory from Marelli Motherson Auto Suspension Parts Pvt. Ltd. (MMAS) for approximately INR 600 million. This strategic acquisition aims to enhance GIL's market presence in the automotive component sector, particularly in suspension systems, and establish a partnership with a strong technology provider. The transaction is expected to close by Q1 FY2025-26, subject to customary conditions. This move could positively impact GIL's operational capabilities and revenue streams moving forward.