Samvardhana Motherson to buy Brazil-based Baldi Industria for $7.8 million

Baldi Industria is a tier 2 automotive supplier providing wrapping solutions and soft-touch surfaces for door panels, IP, steering wheels and other interior components.

Autocar Pro News Desk By Autocar Pro News Desk calendar 16 Dec 2024 Views icon6056 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Samvardhana Motherson to buy Brazil-based Baldi Industria for $7.8 million

Samvardhana Motherson International Ltd said its wholly owned subsidiary Samvardhana Motherson Automotive Systems Group B.V. will fully acquire Brazilian auto component maker Baldi Industria E Comercio Ltda in a US$7.8 million deal.

Baldi Industria is a tier 2 automotive supplier providing wrapping solutions and soft-touch surfaces for door panels, IP, steering wheels and other interior components. The company, which had a turnover of US$11,282 in 2023, has one manufacturing facility in Brzail.

The acquisition supports Samvardhana’s existing module and polymer footprint in the South American region with enhanced capabilities in wrapping solutions and soft-touch interior surfaces for door panels and instrument panels.

The transaction is subject to satisfactory completion of all conditions precedent and is expected to be closed by the first quarter of the next financial year. The acquisition amount will be paid in cash.

Of the US$100 million, approximately US$2.8 million will be held back to secure seller indemnification obligations for a maximum period of five years, Samvardhana Mother said in an exchange filing.

READ MORE: Samvardhana Motherson targets more Japanese OEM business with Atsumitec buyout

READ MORE: Samvardhana Motherson to acquire 11% stake in electric tech company REE Automotiv

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