Samvardhana Motherson to acquire Bengaluru-based Rollon Hydraulics

Auto components maker Samvardhana Motherson International said on Friday it has signed an agreement to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount.

Rollon manufactures, assembles and supplies high precision turned parts, spools and other machined components with critical engineering applications to the agricultural and off-road sectors from its facilities outside Bengaluru.

“Our focus on being a solutions provider for our clients was a driving force for this acquisition. We are gaining access to a new industry segment from construction and material handling for our precision metal business,” said Vivek Chand Segal, Chairman, Motherson, in a statement. .

He added that the company believes this business is highly synergistic with Motherson’s existing business and provides significant opportunities to grow this business in India, Mexico and other geographies.

“This is our fifth acquisition in India in the last twelve months, which reaffirms the importance of India in our future plans,” Sehgal noted.