Bain Capital-backed Dhoot Transmission acquires Multilink to boost electronics manufacturing
Mumbai: Bain Capital-backed automotive parts maker Dhoot Transmission Ltd acquires Multilink Pvt. Ltd., which manufactures electronic and electrical products for two- and three-wheeler manufacturers in India, the companies said on Tuesday.
The companies declined to provide financial details of the deal..
“The integration is expected to unlock significant synergies through improved purchasing efficiency, manufacturing capabilities and supply chain optimization,” Bain Capital partner Saahil Bhatia said in a statement.
PwC acted as financial advisor to Dhoot, while Aeka Advisors advised Multilink.
This development comes more than a year after the global private equity firm acquired a significant minority stake for an undisclosed amount. Depends on public offering Make a deal that values the company at over a billion dollars.
The other major deal in the auto parts space was Carlyle’s acquisition of a majority stake in Highway Industries Ltd and Roop Automotives Ltd last year.
Bain’s latest transaction marks another strategic acquisition for the Aurangabad-based company and strengthens its capabilities as a scaled, integrated solutions provider to the automotive ecosystem.
This acquisition is in line with Dhoot’s strategy to capitalize on accelerating trends towards increased electrification, premiumization and increase in electronic content in vehicles. EV adoption.
Multilink supplies based in Bengaluru original equipment manufacturers (OEMs) It has a diversified product portfolio that includes chargers, sensors, relays and switches. The Bengaluru-based organization operates three manufacturing facilities in Hosur, Mysore and Manesar.
“Given its complementary product portfolio and long-standing customer relationships, Multilink is a strategic choice for Dhoot. This acquisition strengthens our position in the rapidly evolving 2W and 3W segments, where electrification and increased electronic content are driving structural growth,” said Rahul Dhoot, managing director of Dhoot.
The combined platform will further accelerate growth by providing cross-selling opportunities across a broader customer base. “Dhoot’s scale, customer relationships and manufacturing capabilities, along with Bain Capital’s strategic support, provide a strong platform for the next phase of growth,” said Multilink promoter HG Vasuki.
Earlier this year, Dhoot had announced a merger between one of the company’s subsidiaries and Tier-1 supplier FourFront, which provides customized electro-mechanical and electronic solutions to OEMs, in a strategic move to strengthen its electrical and electronic capabilities.
