Samvardhana Motherson completes acquisition of remaining stake in Turkish arms

Samvardhana Motherson International Ltd (SAMIL)on Tuesday said it has completed the acquisition of the remaining 25% stake in two Turkish subsidiaries — SMR Plast Met Molds And Tools Turkey Kalip Imalat Anonim Şirketi and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Şirketi.The deal was executed by Motherson SAS Turkey Otomotiv Servis Ticaret Limited Sirketi (MSAS Turkey), the company’s wholly owned indirect subsidiary, following receipt of approvals and fulfilment of conditions precedent.

The move consolidates SAMIL’s full ownership of the entities, which were earlier 75%-controlled. It comes as part of the company’s broader expansion strategy, with recent acquisitions in Japan’s Yutaka Giken and Shinnichi Kogyo strengthening its global footprint.

Last week, the company outlined an ambitious target of achieving $108 billion in gross revenue by FY30,  more than four times FY25 levels of $25.7 billion, while aiming to double Return on Capital Employed (RoCE) to 40%.Also Read: Thermax invests ₹115-crore in renewable energy arm First Energy for expansion projects

In the June quarter, SAMIL reported net profit of ₹512 crore, down from ₹994 crore last year, while revenue rose 4.7% year-on-year to ₹30,212 crore. The company remains confident that over 75% of incremental revenues will be driven by acquisitions.

Shares of Samvardhana Motherson ended at ₹98.80 on NSE, up 0.23% ahead of the announcement.