components sector and strengthen its market presence.
Acquisition Details
On December 5, 2025, SPRL signed a Share Purchase Agreement with Grupo Antolin Irausa, S.A.U. and Grupo Antolin Ingenieria, S.A.U.. The agreement involves the purchase of all outstanding shares of the following entities:
- Antolin Lighting India Private Limited (T1)
- Grupo Antolin India Private Limited (T2)
- Grupo Antolin Chakan Private Limited (T3), a subsidiary of T2
The total enterprise value of the deal is approximately €159 million (₹16,700 million). The transaction is expected to be completed by January 2, 2026, subject to customary closing conditions. Consideration will be paid in cash, with the final purchase price per equity share determined at closing, following necessary adjustments.
Strategic Rationale
- Diversification: The acquisition expands SPRL’s portfolio beyond powertrain technologies.
- Automotive Interior Expertise: Grupo Antolin companies specialize in headliner substrates, modular headliners, sunvisors, door panels, and ambient lighting, serving leading OEMs in India.
- Technology Access: SPRL will enter into a Technology Licensing Agreement with Grupo Antolin, ensuring continued access to advanced technologies.
- Stakeholder Value: The move aims to create long-term value for shareholders and strengthen SPRL’s position in the automotive components industry.
Financial Performance of Target Companies (FY 2024-25)
| Company | Revenue (₹ million) |
| Antolin Lighting India Pvt. Ltd. | 1,237 |
| Grupo Antolin India Pvt. Ltd. | 7,159 |
| Grupo Antolin Chakan Pvt. Ltd. | 3,395 |
Summary
- SPRL is acquiring Grupo Antolin companies to expand into automotive interior solutions.
- The deal is valued at €159 million (~₹16,700 million) and is expected to close by January 2, 2026.
- The acquisition diversifies SPRL’s product offerings, provides access to advanced technologies, and positions the company for enhanced growth in the automotive components sector.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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