TVS Mobility's SI Air Springs Acquires Roberto Nuti Group

Key Highlights:

• SI Air Springs, a TVS Mobility subsidiary, acquired Roberto Nuti Group.
• The purchase was made by SI Air Springs Private Limited, an Indian subsidiary.
• SI Air Springs leads India in automotive and rail air spring solutions.
• TVS Mobility has European operations, including supply chain and tyre businesses.
• The acquisition will broaden product ranges and strengthen global market positions.

SI Air Springs, a subsidiary of the USD 3 billion TVS Mobility, has purchased the Roberto Nuti Group, a Bolognese company that makes and markets suspension systems mostly for heavy vehicles in the aftermarket.

The arrangement comprises TVS Mobility's indirect 100% purchase of Roberto Nuti Group through its wholly owned Indian subsidiary, SI Air Springs Private Limited, as well as investments to support the company's complete relaunch.

SI Air Springs is a pioneer and market leader in India in air spring solutions for the automotive and rail industries.

TVS Mobility has a presence in Europe through some of the group's other businesses, including TVS Supply Chain Solutions (Europe operations headquartered in the UK with operating subsidiaries in Italy, Germany, Spain, and other countries) and TVS Srichakra Ltd (Italian Branch based in Milan operating the tyre business with Eurogrip branded products).

The agreement is projected to result in significant benefits for both TVS Mobility Group companies and the Roberto Nuti Group, increasing the latter's product portfolio and improving its position in the worldwide market.

Statements from Executives

Luca Randighieri, General Manager of the Nuti Group, stated: "We are enthusiastic about the international growth potential that this partnership provides us, and we are certain that collaborating with SI Air Springs will allow us to capitalize on their skills. Both firms will continue to operate normally during the integration period, and we are dedicated to ensuring a smooth transition for all of our stakeholders."

"We are excited to welcome the Roberto Nuti Group to the TVS Mobility family. This acquisition is a crucial milestone in our global expansion strategy, allowing us to combine our unique talents in the Air Spring sector with the Nuti Group's well-known suspension systems knowledge," stated P. Srinivasavaradhan, Director of SI Air Springs.

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CMV360 Says

This acquisition by SI Air Springs represents a strategic move for TVS Mobility to expand its global footprint and enhance its product offerings. By integrating the strengths of both companies, TVS Mobility is well-positioned to capitalize on new market opportunities and drive future growth.