Motherson Samvardhana will acquire Baldi Industria in a $7.8 million deal.

Samvardhana Motherson International Ltd is acquiring Brazilian auto component maker Baldi Industria E Comercio Ltda for $7.8 million. The deal will see Samvardhana’s subsidiary, Samvardhana Motherson Automotive Systems Group B.V., acquire 100% of Baldi Industria’s shares. The Brazilian company provides wrapping solutions and soft-touch surfaces for interior components, such as door panels and instrument panels. The acquisition enhances Samvardhana’s capabilities in the South American region and supports its existing module and polymer footprint. The deal is subject to certain conditions and is expected to close by the first quarter of the next financial year. The consideration will be paid in cash, with a $2.8 million holdback to secure seller indemnification obligations for up to five years. This is the latest in a series of acquisitions by Samvardhana Motherson, including its buyout of Atsumitec and stake in REE Automotiv.