Gabriel India Limited, the listed flagship company of the ANAND Group, has announced the acquisition of assets from Marelli Motherson Auto Suspension Parts Private Limited (MMAS) through an Asset Purchase Agreement. This strategic move aims to strengthen Gabriel India’s market position in the suspension business while reinforcing its commitment to innovation and shareholder value.
Pune-based MMAS is a 50:50 joint venture between Marelli Europe S.p.A. (formerly known as
Magneti Marelli S.p.A.) and Samvardhana Motherson International Limited. The company specializes
in the design, production, and marketing of passive shock absorbers, including semi-corner modules
and gas springs, for passenger and commercial vehicles. Additionally, Gabriel India will enter into a
License Agreement and a Technical Assistance Agreement with Marelli Suspension Systems Italy
S.p.A., further enhancing its advanced suspension offerings for OEMs.
“This acquisition marks another milestone for Gabriel India, as it not only enhances our technological
capabilities but also broadens our product portfolio and customer base. By integrating MMAS’
advanced suspension technologies through this acquisition, we are poised to strengthen our market
position and deliver greater value to our shareholders,” said Mrs. Anjali Singh, Executive Chairperson
of the ANAND Group and Gabriel India Limited.
Mr. Jaisal Singh, Vice Chairman of the ANAND Executive Board, who also leads Mergers &
Acquisitions for the group, added, “This strategic acquisition is one more step in Gabriel’s journey as
it further strengthens its capabilities while consistently delivering growth to its shareholders for over
sixty years.”
The Board of Directors of Gabriel India Limited unanimously approved the transaction in its meeting
held today.
With this acquisition, Gabriel India has secured an additional annual manufacturing capacity of 3.2
million shock absorbers and 1 million gas spring units, further solidifying its leadership in the
suspension market.