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Pricol to acquire wiping systems business of PMP Auto Components

14 Jul 2017 Evaluate

Automotive components manufacturer Pricol has signed binding agreements to acquire 100% of the wiping systems business of Ashok Piramal group’s PMP Auto Components. The acquisition would be undertaken by Pricol through its wholly owned subsidiaries.

The transaction will be funded by a combination of internal accruals and external debt. The transaction would be EPS accretive to the shareholders of Pricol and the profitability is expected to further improve upon integration of the business with Pricol.

The acquisition will help Pricol diversify its product offerings and provide access to manufacturing facilities in Europe and North America, where it currently does not have a footprint, helping it cement its status as a global supplier. Additionally, with this acquisition, Pricol will increase its presence with Passenger vehicles customers diversifying revenue streams and opening up multiple cross selling opportunities.


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
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