26.03.2025
Sandhar Technologies Limited is pleased to announce that its wholly-owned subsidiary, Sandhar Ascast Private Limited, has successfully acquired the high pressure and low pressure aluminium die casting business of Sundaram-Clayton Limited (SCL) at its Hosur plant. This strategic acquisition, executed through a Business Transfer Agreement on March 26, 2025, is valued at INR 163 Crores and marks a significant milestone in Sandhar's growth journey.
This acquisition not only enhances Sandhar Ascast's operational capabilities but also positions the company to capitalize on substantial growth opportunities in the automotive sector. By integrating SCL’s legacy with Sandhar’s manufacturing excellence, we aim to create synergies that will drive innovation and expand our product portfolio.
This acquisition happened successfully with esteemed leadership of Mr. Yashpal Jain, Chief Financial Officer and Company Secretary and Mr. Ajay Kumar Raghav, Chief Operating Officer (Castings, Machining and Tooling Business).
Key Highlights of the Acquisition:
Diversification into Low Pressure Die Casting (LPDC):This acquisition marks Sandhar's entry into the LPDC market, complementing our established expertise in High Pressure Die Casting (HPDC).
Enhanced Production Capacity:The acquisition allows for the use of higher tonnage machines (above 800T), increasing our production capabilities.
Broadened Product Portfolio:We will now offer essential components such as cylinder heads, manifolds, and housings, vital for both automotive and industrial applications.
Strengthened Technical Expertise: Theintegration of SCL’s team enhances our technical capabilities and R&D efforts.
As we move forward, Sandhar Technologies remains committed to delivering high-quality, innovative solutions to our customers while ensuring long-term value creation for all stakeholders.
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