Samvardhana Motherson International will acquire the remaining 10% stake in Motherson Lumen Systems South Africa Pty Ltd. (Motherson Lumen SA) through an indirect subsidiary. Upon completion, Motherson Lumen SA will become a wholly-owned indirect subsidiary. The revenue of Target Company was ZAR 135 million in FY 2024-25 and the deal is expected to close in Q3 FY 2025-26.
Acquisition of Remaining Stake
Samvardhana Motherson International Limited (SAMIL) will acquire the remaining 10% stake in Motherson Lumen Systems South Africa Pty Ltd. (Motherson Lumen SA) through its indirect wholly-owned subsidiary. Currently, the other 90% stake is indirectly owned through Samvardhana Motherson Automotive Systems Group B.V.
Rationale and Impact
The acquisition aims to streamline the structure, strengthen decision-making, and ensure the full benefits of future growth accrue to the Company. After the completion of the transaction, Motherson Lumen SA will become a 100% indirect wholly-owned subsidiary of SAMIL.
Target Company Profile
Motherson Lumen SA is engaged in the design, manufacture, and supply of OEM-certified automotive parts, accessories, and dealer fit products. Incorporated on December 5, 2013, it has demonstrated consistent turnover over the past three financial years:
Financial Performance
| Particular (ZAR Mn) | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|
| Turnover | 129 | 121 | 135 |
Transaction Timeline
The transaction is expected to be completed by Q3 FY 2025-26. The purchase consideration for acquiring the remaining 10% stake is ZAR 10 million (approximately INR 51,900,000).
Source: BSE