Jamna Auto to Acquire UK's Owen Springs for £2.00M
Jamna Auto Industries Limited is acquiring UK-based Owen Springs Limited for £2.00 million. This marks the company's first acquisition, aiming to establish a UK market platform. The deal, funded by internal accruals, is valued at 8.2x CY2025 EBITDA and is expected to be margin-accretive.
The acquisition represents a significant strategic step for Jamna Auto by entering the UK aftermarket. While it is the company's first international acquisition and aims to boost future revenue, the immediate financial impact and scale relative to Jamna Auto's overall business size suggest a medium impact.
The acquisition of Owen Springs Limited is a strategic move that expands Jamna Auto's international presence and market reach, aligning with its growth ambitions. The acquisition is funded through internal accruals without debt or dilution, indicating a financially sound and positive development.
Jamna Auto Industries Limited announced its proposed acquisition of Owen Springs Limited, a UK-based company specializing in leaf and parabolic springs for the aftermarket.
This strategic move marks Jamna Auto's first-ever acquisition and is aimed at establishing a ready-made platform for JAI products in the UK, contributing to its growth ambition of achieving 40% of turnover from new markets. Owen Springs, established in 2004 and based in Rotherham, is a leading leaf spring brand in Britain with a strong distribution network of over 250 distributors, retailers, and garages, and offers more than 350 SKUs.
The acquisition consideration is £2.00 million, with £735,000 in Net Current Assets and no debt. The transaction is valued at 8.2x CY2025 EBITDA on a reported basis and 6.1x on an adjusted basis, after accounting for management charges no longer payable post-acquisition. The company reported total revenues of £3.58 million in CY2022, £3.85 million in CY2023, £3.16 million in CY2024, and £2.76 million in CY2025. Adjusted EBITDA (without management charges) was £349,000 in CY2022, £483,000 in CY2023, £51,000 in CY2024, and £330,000 in CY2025.
The acquisition will be funded entirely from Jamna Auto's internal accruals, ensuring no external debt or shareholder dilution. This move is expected to provide a wholly-owned, margin-accretive platform for sustained revenue growth and enhanced shareholder value by combining Jamna Auto's manufacturing scale and engineering capabilities with Owen Springs' established distribution network and brand presence in the UK.
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Jamna Auto 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 medium impact: worth reading, rarely worth acting on by itself.
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