Varroc Engg eyes fast-paced growth after deal closure with Plastic Omnium

Will sharpen focus on domestic market, play to its strength in lighting and electrical and electronics components as part of re-aligning focus and enhancing ROCE

Varroc Engineering will sharpen focus on the domestic market and play to its strength in the lighting and electrical and electronics components as part of re-aligning focus and enhancing return on capital employed (ROCE).

Last week, the company said it had signed an agreement to sell its four-wheeler lighting business in Europe and Americas to Compagnie Plastic Omnium SE for an enterprise value of Euro 600 million, as it seeks to consolidate position in its home market and exit from the underperforming ones. The lighting business in India and China are not part of the deal.
 

Post the closure of