A grand success witness, Sandhar Ascast, a subsidiary of Sandhar Technologies, a leading automotive parts manufacturer, after the acquisition of Sundaram-Clayton’s Hosur aluminium die-casting business. In the present market condition, the acquiring company witnessed an increase of 2.82 per cent, amounting to INR 397 or USD 4.63 (as of April 2, 2025, 15:43 IST) in their shares.
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Sandhar Ascat, with the procedure laid down by a Business Transfer Agreement, acquired Sundaram-Clayton’s Hosur aluminium-die casting unit at an all-cash deal, which was valued at INR 163 crore (USD 19.03 million) with the vision to streamline their core business areas, shareholder value and the overall operations.
The parent company, with the acquisition of the aluminium die casting business in the Hosur Plant allied to bring advancement in the automotive sector by fortifying their global leadership. Additionally, this acquisition shall benefit the acquired company by uplifting the segment into a single vertical and creating an alliance between the two companies in question.
As put forward by the CFO and company secretary of Sandhar Technologies, “This acquisition strengthens our position as an integrated solutions provider in the automotive sector, driving innovation and sustainable growth.”
In the future, this acquisition shall aid the acquired company with an expanded clientele base, supporting a diversified product portfolio and business growth. Sandhar Technologies, which has been one of the key players with exponential know-how in high-pressure die casting (HPDC), officially marks its operations in the low-pressure die casting (LPDC) market.
By entering this new segment, the acquired company can not only diversify their operations but also certainly position itself as a key player in the LPDC market. Alongside this, they have the opportunity to expand their capabilities in the HPDC market as they can enable the use of higher tonnage machines exceeding 800T.
The company plans their product portfolio which shall include cylinder heads, housings and manifolds. This shall not only benefit the automotive sector but also aid the industrial applications sector.
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