Belrise Industries Acquires Hyva India's Tipper Business for $5.65M
Belrise Industries acquired Hyva India's Tipper body business for $5.65 million USD. The deal, based on an approximate 3.60x EV/EBITDA multiple for CY25, includes 13 facilities and is expected to yield a ROCE of ~20%. This acquisition positions Belrise as a Tier-0.5 supplier.
The acquisition is strategic, involving a substantial amount and expanding the company's capabilities and market reach, which is likely to have a significant impact on its future performance.
The acquisition of a significant business segment, along with its facilities and customer base, is a positive development for the company's growth and market position.
Belrise Industries Limited has announced the acquisition of the India Tipper body business of Hyva (India) Pvt. Ltd., a subsidiary of JOST Werke SE, through a Business Transfer Agreement (BTA) on a slump sale basis. This strategic move positions Belrise Industries as a Tier-0.5 supplier.
The acquired business specializes in Tipper manufacturing for construction, mining, and infrastructure applications, serving all top 5 commercial vehicle OEMs in India. It also adds a leading European commercial vehicle OEM to Belrise's customer portfolio. The business has an estimated EBITDA of approximately $1.57 million USD for CY25, with the acquisition consideration set at $5.65 million USD. This valuation is based on an approximate 3.60x EV/EBITDA multiple for CY25.
The transaction includes 13 new facilities located in Pune, Jamshedpur, and Bangalore. The company expects a ROCE of approximately 20% from this acquisition. The investor presentation detailing this acquisition is available on the company's website.
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Belrise Industries Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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