Samvardhana Motherson Acquires Assets of Bolta US Ltd.
April 19, 2023
Samvardhana Motherson, through its U.S. subsidiary SMP Automotive Systems Alabama Inc., has acquired the Alabama-based assets of Bolta US Ltd. for USD 16.002 million, purchasing USD 35.7 million in fixed assets and USD 4.7 million in inventory to vertically integrate and expand its chrome-plated polymer components capability in the U.S. automotive market.
- Buyers
- Samvardhana Motherson Automotive Systems Group, SMP Automotive Systems Alabama Inc.
- Targets
- Bolta US Ltd.
- Sellers
- Bolta US Ltd.
- Industry
- Automotive
- Location
- Alabama, United States
- Transaction Type
- Divestiture
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