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Gabriel India to acquire fixed assets and inventory from MMAS

24 Jan 2025 Evaluate

Gabriel India (GIL) has entered into an Asset Purchase Agreement (APA) with Marelli Motherson Auto Suspension Parts (MMAS), Marelli Europe S.p.A. and Samvardhana Motherson International to acquire assets (fixed assets and inventory) from MMAS. Assets (fixed assets and inventory) of MMAS relating to manufacture of Shock absorber, Strut assembly and Gas Spring are proposed to be acquired under the APA.

This transaction is subject to satisfaction of customary conditions precedent including: execution of agreement with Marelli Suspension Systems Italy S.p.A (Marelli Italy) for grant of license to manufacture, assemble, sell, distribute and market certain products in India using technical information provided by Marelli Italy in India (License Agreement); and execution of agreement with Marelli Italy for provision of technical assistance and support.

The acquisition of assets under the APA will help GIL to strengthen its market presence in suspension and establish partnership with another strong technology provider. The acquisition of the assets under the APA shall be completed by Q1 FY2025-26 subject to satisfaction of the customary conditions precedent identified in the APA. The total purchase consideration payable under the APA is Rs 60.0 crore, subject to closing adjustments.

Gabriel India is a producer and supplier of high quality Ride Control Products for the Indian Automotive Industry participating in all segments i.e. Passenger Cars, Utility Vehicles, Commercial Vehicles and Two Wheelers.


Gabriel India Share Price

1012.90 15.00 (1.50%)
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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