Samvardhana Motherson International Acquires Stake in Chinese Auto Tech Firm for Portfolio Expansion
Samvardhana Motherson International Limited has moved into the advanced automotive vision technology space, having approved the acquisition of a controlling stake in Shenzhen Autocruis Technology Co., Ltd. through its subsidiary, SMR Automotive (Langfang) Co., Ltd.The investment targets expanding SAMIL’s product portfolio and strengthening its internal capabilities regarding image quality, algorithms, and video processing. The company acquired the equity stake via a primary capital increase involving the subscription of fresh equity in Shenzhen Autocruis Technology Co., Ltd.
SMR Langfang is investing CNY 153.3 million (approximately USD 22.6 million) for an initial 64.76% equity stake on a fully diluted basis. Following the completion of this acquisition, and subject to the successful execution of a subsequent buy-back by the Target company, SMR Langfang is expected to hold 67.78% of the equity share capital.
The move grants SAMIL access to the Chinese automotive market by leveraging established relationships with key commercial vehicle and passenger car Original Equipment Manufacturers (OEMs).
Profile of Shenzhen Autocruis Technology Co., Ltd.
Shenzhen Autocruis Technology Co., Ltd. is a limited liability company incorporated in China, headquartered in Shenzhen, with R&D operations situated in Wuhan and Shenzhen, and a production facility near Ningbo (Shaoxing). The Target operates within the Automotive Components industry, specializing in vision systems—a segment similar to that of SAMIL.The business of Shenzhen Autocruis Technology includes designing and developing automotive vision and camera-based systems for both commercial and passenger vehicles. These systems encompass Camera Monitoring Systems (CMS), Full Digital Mirror (FDM) systems, surround-view systems, Driver Monitoring System (DMS), and Digital Video Recorder (DVR).
The acquisition is slated to be completed by Q3 FY 2027, pending the satisfaction of agreed conditions precedent. The remaining shareholder interests after SMR Langfang's increased stake include Founding Shareholders and other Financial Investors.
Financial Overview of Shenzhen Autocruis Technology Co., Ltd.
The company maintains a presence in China and has demonstrated growth across its specialized sector.| Particulars | FY 2023 (CNY Million) | FY 2024 (CNY Million) | FY 2025 (CNY Million) |
|---|---|---|---|
| Turnover | 25.5 | 29.5 | 46.0 |
MOTHERSON Stock Price Movement
Shares of Samvardhana Motherson International Limited are shedding value as of 11:45 AM, slipping by 0.86% in live trading to trade at ₹146.33. The stock has seen heavy movement today, with over 6.76 million shares exchanged and the price reaching a low of ₹144.97.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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