SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pricol to acquire Wiping Systems Business of PMP

31 May 2017 Evaluate

Pricol has received an approval for acquisition of PMP Auto Components, India (PMP), a part of the Ashok Piramal Group. The board of directors at their meeting held on May 30, 2017, has approved for the same. Pricol and PMP have entered into an exclusive and binding agreement for Pricol to acquire the entire ownership interest in wiping systems business of PMP.

PMP had acquired wiping systems business in 2008 from Magna and presently has manufacturing facilities in Czech Republic, Mexico and India with a turnover of around Rs 2,500 million. This business supplies wiping systems to global automotive customers including Volkswagen, Daimler, Fiat, John Deere, Skoda, Audi, Seat, Renault and TATA Motors.

The binding offer has been approved by the Board of Pricol and accepted by PMP. The parties are working towards executing definitive documentation and closure of this deal shortly. The transaction will be funded by a combination of internal accruals and external debt.


Pricol Share Price

586.85 6.10 (1.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×