Suprajit Engineering has entered into an Asset Purchase Agreement to acquire the Halogen Bulb manufacturing facility near Chennai from Osram India. This plant to produce comprehensive range of halogen bulbs includes land, building and a complete range of manufacturing facilities. The transaction is expected to be completed by the end of September 2019 and will be funded by internal accruals.
With this acquisition, Suprajit’s Halogen Bulb’s annual capacity will increase from 87 million to about 110 million. Suprajit will emerge as one of top 3 manufacturers of Halogen Bulbs in the world. Through a separate agreement, Suprajit will become a part of the global supply chain to Osram and will start to supply Halogen bulbs from its plants in India including the acquired plant near Chennai.
Suprajit Engineering is India’s most preferred manufacturer of cables and instruments and meets the demand of virtually every major OEM in the automotive sector.
