Gabriel India, the listed flagship company of the ANAND Group, has acquired assets from Marelli Motherson Auto Suspension Parts (MMAS) through an Asset Purchase Agreement. This strategic move is aimed at bolstering Gabriel India’s market position in the suspension business. The acquisition aligns with Gabriel India’s commitment to innovation and delivering value to its shareholders.
Pune-based MMAS is a 50:50 joint venture between Marelli Europe S.p.A. (formerly known as Magneti Marelli S.p.A.) and Samvardhana Motherson International. The company specialises in the design, production and marketing of passive shock absorbers, including semi-corner modules and gas springs, for cars and commercial vehicles. Furthermore, Gabriel India will enter into a License Agreement and a Technical Assistance Agreement with Marelli Suspension Systems Italy S.p.A., strengthening its advanced suspension offerings to OEMs. With this acquisition, Gabriel India has acquired additional annual manufacturing capacity of 3.2-million shock-absorbers and 1-million gas spring units.
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.
