Samvardhana Motherson International Limited — Important, 14-12-2024: General Updates

The Board of Samvardhana Motherson International Limited has approved the acquisition of BALDI INDUSTRIA E COMERCIO LTDA., a Tier 2 automotive supplier based in Brazil. This company specializes in wrapping solutions and soft-touch surfaces for automotive interior components. The acquisition, valued at BRL 47 million (approximately USD 7.8 million), aims to enhance SAMIL’s operational capabilities and competitiveness in the South American market. With a reported turnover of BRL 68.3 million in 2023, the acquisition is expected to facilitate cost optimization and increase content per vehicle, aligning with premium market demands. The transaction is anticipated to close by Q1 FY2026, pending the completion of all conditions. This strategic move may provide a positive outlook by increasing SAMIL's local market presence and supporting its vertical integration efforts.