Gabriel India to Acquire 28.9% in HL Mando Anand for ₹2,231 Cr, 30% in HL Klemove for ₹935 Cr
Gabriel India is acquiring a 28.9% stake in HL Mando Anand for ₹2,231 Cr and a 30% stake in HL Klemove India for ₹935 Cr. These strategic moves aim to enhance its technology portfolio in steering systems, brakes, suspensions, automotive electronics, and ADAS. The company expects these acquisitions to accelerate growth and create long-term shareholder value.
The acquisitions represent a significant strategic shift for Gabriel India, expanding its capabilities into new and advanced automotive technologies and substantially increasing its market presence. The financial implications, including expected EPS accretion and future revenue targets, indicate a high impact on the company's trajectory.
The company is making strategic acquisitions that are expected to strengthen its market position, expand its product portfolio into high-growth areas like ADAS and automotive electronics, and enhance earnings per share, all of which are positive indicators for future growth and shareholder value.
Gabriel India Limited has announced significant strategic acquisitions to bolster its technological portfolio and expand its market presence. The company plans to acquire a 28.9% stake in HL Mando Anand India for approximately ₹2,231 crore. This consideration will be discharged through a combination of Gabriel's equity shares via preferential allotment and cash.
Additionally, Gabriel India will acquire a 30% minus one equity share stake in HL Klemove India from its parent, HL Klemove Corporation, Korea, for approximately ₹935 crore in cash. This acquisition will be consummated in two tranches: the first tranche, representing 75% of the consideration (approximately ₹701 crore), is expected to be completed by September 15, 2026, with the remaining 25% (approximately ₹234 crore) deferred for up to 18 months thereafter.
These acquisitions are expected to significantly strengthen Gabriel India's position as a comprehensive mobility platform. HL Mando Anand is a major manufacturer of steering systems, brakes, and suspensions, while HL Klemove India specializes in automotive electronics and autonomous driving (ADAS) technologies. The combined entities will enhance Gabriel India's competitiveness, unlock synergies, and provide a stronger foundation for sustainable growth, aligning with the company's strategy to become a diversified, technology-led mobility company.
Mrs. Anjali Singh, Executive Chairperson, stated that these investments are a defining milestone, strengthening Gabriel India's position as a comprehensive mobility platform by bringing together complementary capabilities across the automotive value chain. Mr. Mahendra K. Goyal, Group CEO and MD, highlighted that these initiatives are expected to further enhance the Company's earnings per share while maximizing long-term value creation for all shareholders, reinforcing the aspiration of achieving Group revenues of ₹50,000 crore by 2030.
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Gabriel India 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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See the model portfoliosA plain-language summary of a public exchange filing by Gabriel India Limited. Read the original for the full detail.