Auto Ancillary Stock Gains After Announcing UK Acquisition Worth GBP 2 Million to Expand Global Presence; Check Details
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Jamna Auto Industries will acquire a 100% stake in UK-based Owen Springs Limited for GBP 2 million as part of its Lakshya–RISE 5000 strategy to strengthen its international footprint.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index declining 102.15 points, or 0.43 per cent, to 23,767.45. Despite the weak market sentiment, shares of Jamna Auto Industries Ltd gained 1.43 per cent to Rs 132.67 after the company announced the acquisition of Owen Springs Limited, a United Kingdom-based manufacturer of leaf and parabolic springs.
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Download Service BrochureAcquires UK-Based Owen Springs
The Board of Directors of Jamna Auto Industries approved the acquisition of the entire issued share capital (100 per cent stake) of Owen Springs Limited, a company incorporated in England and Wales, from its existing shareholder, OSL Group Holdings Limited. The transaction is subject to the fulfilment of conditions precedent and other completion formalities under the Share Purchase Agreement and applicable laws.
The acquisition will be executed through 100 per cent cash consideration of GBP 2 million, subject to adjustments in net current assets in accordance with the Share Purchase Agreement. The company expects to complete the acquisition by August 31, 2026. The transaction is not a related-party transaction, and neither the promoter nor the promoter group has any interest in the target entity.
Strategic Rationale
According to the company, the acquisition is aligned with its Lakshya–RISE 5000 strategy of expanding into new markets. The acquisition is expected to strengthen Jamna Auto Industries' international presence by enhancing access to customers and business opportunities in the United Kingdom and other regions. The company believes the transaction will reinforce its global footprint, improve its market position, and create opportunities for business expansion, operational synergies, and long-term value creation.
About Owen Springs
Owen Springs Limited is engaged in the manufacturing and trading of leaf springs, parabolic springs and other allied products. Incorporated on July 28, 2004, the company reported revenue of GBP 2.761 million for the calendar year ended December 31, 2025, with a profit after Tax of GBP 132 thousand and a net worth of GBP 1.041 million. The company operates in the United Kingdom and has reported revenues of GBP 3.854 million in 2023, GBP 3.165 million in 2024, and GBP 2.761 million in 2025.
About the Company
Jamna Auto Industries Limited is India's largest manufacturer of suspension solutions for commercial vehicles, with a diversified portfolio that includes conventional leaf springs, parabolic springs, lift axles, air suspension systems and related components. The company supplies products to leading domestic and global commercial vehicle manufacturers.
With multiple manufacturing facilities across India and a growing international presence, Jamna Auto Industries focuses on product innovation, localisation and expanding its global customer base. The company continues to strengthen its position through strategic acquisitions and investments aimed at long-term growth.
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Disclaimer: The article is for informational purposes only and not investment advice.