Pricol to Acquire Sundaram Auto Components’ ₹215 Crore Injection Moulding Business
Coimbatore-based Pricol is set to acquire Sundaram Auto Components' (SACL) injection moulding business for ₹215 crore. This all-cash deal, made through Pricol's subsidiary, Pricol Precision Products, is expected to boost Pricol's revenue by ₹730 crore. SACL, a subsidiary of TVS Motor, operates six manufacturing facilities and reported ₹727 crore in revenue for FY24. Additionally, Pricol plans to acquire a 26% stake in PQSI Digital Private Ltd for ₹10 crore.
By Vishal Kumar
December 3, 2024