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Dhoot Transmission acquires San Electromec for undisclosed sum

Press Trust of India  |  New Delhi 

Transmission Monday said it has acquired Bengaluru-based wire and control panel maker, for an undisclosed sum.

The Aurangabad-headquartered manufacturer of wiring for two-wheelers said the acquisition will help it enhance its portfolio, especially in railways, defence, construction and specialty vehicle segments.

The company, however, did not share financial details and the quantum of stake acquired.

This is the fourth acquisition by Transmission after taking over Parkinson Technology (UK), TFC Cable Assemblies (Scotland) and a JV into automotive switches and controllers with Carling Technologies, US.

"With this acquisition, we aim to expand geographically, while adding new capabilities and client markets. It is our endeavour to support the existing facility in every way and grow the enterprise as best as we can together," Transmission Managing Director, said in a statement.

He further said has "tremendous capabilities, product knowledge and long-standing, strong relationships with many of the companies in the industry".

The "acquisition helps us create synergies between Parkinson, UK, and San, both being strong players in the off-highway electrical segment; and to harness this synergy we have created Parkinson San Systems Pvt. Ltd," Dhoot added.

San Electromec said the deal will help the company "scale up on the existing client base in harness and control panels, while being supported by strong operations and expertise of Dhoot, coupled with economy of scale benefits that we intend to extend to our clientele".

Dhoot Transmission has 15 spread over India, United Kingdom, and It has presence in wiring harnesses, moulding and tooling for automotive, construction, farming, off-roading, specialty vehicle segment.

San Electromec on the other hand offers solutions ranging from cabling systems, wiring harnesses and control panels and has clients including counts Wirtgen, Volvo, and among others, the statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 14:05 IST