Dhoot Transmission acquires San Electromec to enhance portfolio

Fourth acquisition by Aurangabad-based wiring harness maker

Aurangabad-headquartered Dhoot Transmission, the second largest wiring harness manufacturer in two-wheeler segment in the country, has acquired San Electromec, Bengaluru-based iconic brand in wire harness and control panel in of highway and railway sector to enhance its portfolio, especially in railways, defence, construction and specialty vehicle segments.

Mr Rahul Dhoot, Managing Director, Dhoot Transmissions

This is the fourth acquisition by Dhoot Transmission which had bought Parkinson Harness Technology (UK), TFC Cable Assemblies (Scotland) and a JV into automotive switches & controllers with Carling Technologies of the USA, before this.

Founded in 2001, San Electromec Industries, known for high quality, differentiated, customer-centric solutions right from cabling systems, wiring harnesses and control panels. Close to two decades of operating independently, San Electromec counts Wirtgen, Volvo, Terex, Faiveley, BEML, Tata Motors and several other stalwarts as its clientele.

Dhoot Transmission, founded in 1998, has grown at a CAGR of 20% over the last three years. With its own set of core offerings and acquired entities, Dhoot has established formidable presence in wiring harnesses, moulding & tooling for automotive, construction, farming, off-roading, specialty vehicle segment.

Dhoot operates across 15 manufacturing locations spread over India, United Kingdom, Europe & Thailand.

Singhi Advisors, a global investment bank focused on niche mergers and acquisitions, acted as exclusive advisors to Dhoot Transmission in the transaction. Aeterno Partners, a boutique strategy consulting and investment banking firm with extensive focus on emerging technologies, industrial automation advised San Electromec in the transaction.

Dhoot Transmission Managing Director, Rahul Dhoot said that there are no plans of moving San Electromec facilities to Dhoot operations in Aurangabad. “With this acquisition, we aim to expand geographically, while adding new capabilities and client markets. It is our endeavor to support the existing San Electromec facility in every way and grow the enterprise as best as we can together.

Further, Rahul added “They have tremendous capabilities, product knowledge and long standing, strong relationships with many of the premier companies in the industry. This acquisition helps us create synergies between Parkinson, UK and San, both being strong players in the off-highway electrical segment and to harness this synergy we have created ‘Parkinson San Systems Pvt. Ltd.’

Managing Director of San Electromec, Sanjeev Mehra said “We are very pleased to announce our alliance with Dhoot Transmission. It will help us scale up on the existing client-base in harness and control panels, while being supported by strong operations and expertise of Dhoot, coupled with economy of scale benefits that we intend to extend to our clientele”