Samvardhana Motherson International Limited (SAMIL) has announced its decision to acquire 49% of the equity share capital of South Africa-based Vacuform 2000 Proprietary Limited. Following this transaction, SAMIL will attain 100% ownership of the target entity through its wholly owned subsidiaries, MSSL RSA and Motherson Global Investments B.V. The strategic move is designed to grant the company full operational and management control over the vacuum forming and blow moulding specialist.
Strategic Expansion in South Africa
The Board of Directors at Samvardhana Motherson International Limited has approved the acquisition of the remaining stake in Vacuform 2000 Proprietary Limited. SAMIL, through its subsidiary MSSL Global RSA Module Engineering Limited, will purchase a 49% stake from the existing promoters. Once finalized, Vacuform will function as an indirect wholly owned subsidiary, integrated into the Motherson global network.
Financial and Operational Overview
The deal involves a cash consideration of ZAR 45.18 Mn (approximately INR 253 Mn). Vacuform, which is based in South Africa, specializes in the manufacturing of vacuum forming and blow moulded parts for automotive customers. The company has demonstrated consistent performance, reporting a turnover of INR 1145.64 Mn for the financial year ended March 31, 2026.
Future Outlook and Timeline
The transaction is currently subject to customary closing conditions, including regulatory approvals from the South African Takeover Regulation Panel. Management expects the acquisition to be successfully completed on or before June 30, 2026. By achieving full ownership, SAMIL aims to leverage the target’s manufacturing capabilities to enhance its strategic control and streamline its regional operations in the automotive components sector.
Source: BSE
