M&A

M&A

Shriram Pistons to acquire 75% stake in Takahata Precision India

Mint  

SPR Engenious, a wholly-owned subsidiary of New Delhi-based Shriram Pistons & Rings, will acquire 75% stake in Takahata Precision India Pvt Ltd (TPIL) at an enterprise value INR 222 crore. The companies plan to complete the acquisition by May 2023. Takahata Precision India is a subsidiary of Takahata Japan and has a manufacturing facility at Neemrana, Rajasthan. It makes a range of automobile parts; digital, optical, residential, and medical equipment; and accurate measuring instruments based on precision mould designs. Post-acquisition, SPRL aims to diversify its product portfolio beyond the current pistons, rings, engine valves and EV components to precision plastic injection moulded parts. Recently, Shriram Pistons & Rings completed the acquisition of EMFI, manufacturers of electric vehicle motors and controllers based in Coimbatore.