Jamna Auto Industries Acquires 100% Stake in UK-based Spring Manufacturer Owen Springs for International Expansion
Jamna Auto Industries Limited has announced the acquisition of the entire issued share capital of Owen Springs Limited, a company based in England and Wales. The deal is structured as a 100% cash consideration transaction, which is set to strengthen Jamna's international presence and business opportunities within the UK and beyond.The target entity, Owen Springs Limited, is involved in the Manufacturing & Trading of leaf and parabolic springs and related products. Jamna’s acquisition aligns with its Lakshya - RISE 5000 strategy, aiming for market expansion and enhanced global footprint. The company expects this move to create opportunities for operational synergies and long-term value creation by improving access to customers and business in the United Kingdom and other international markets.
The cost of the acquisition is reported at £2,000,000 (two million pounds sterling), subject to adjustments related to net current assets as stipulated in the Share Purchase Agreement. Jamna Auto Industries will acquire 100% of the outstanding equity capital of Owen Springs Limited. The completion of the acquisition is indicated by a likely timeline extending until August 31, 2026.
Overview of Target Acquisition
The acquisition targets are details about the UK-based manufacturing entity, which specializes in the production and trading of leaf and parabolic springs.| Particulars | Details |
|---|---|
| Target Entity Name | Owen Springs Limited (incorporated in England and Wales) |
| Industry | Manufacturing & Trading of leaf/parabolic springs and allied products |
| Acquisition Type | 100% cash consideration |
| Cost of Acquisition | £2,000,000 |
| Completion Timeline | Likely by August 31, 2026 |
Financial Background of Owen Springs Limited
The following table provides a brief background and financial performance indicators for the acquired entity as per its latest financials.| Metric / Particular | Details |
|---|---|
| Date of Incorporation | July 28, 2004 |
| Reported Revenue (CYE Dec 31) | |
| 2023 | £3,854 thousand UK Pounds |
| 2024 | £3,165 thousand UK Pounds |
| 2025 | £2,761 thousand UK Pounds |
| Reported Financials (CYE Dec 31, 2025) | |
| Profit After Tax (PAT) | £132 thousand UK Pounds |
| Net Worth | £1,041 thousand UK Pounds |
JAMNAAUTO Stock Price Movement
Shares of Jamna Auto Industries Limited are climbing as of 10:50 AM, with the stock currently trading at ₹133.15 after edging up by 0.36%. The company registered a strong intraday volume of 540,434 shares in this live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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