SI Air Springs, a part of TVS Mobility Group, has acquired the Roberto Nuti Group. TVS Mobility, a USD 3 billion company, made this move through its Indian subsidiary, SI Air Springs Private Limited. Roberto Nuti Group, based in Bologna, makes suspension systems for heavy vehicles.
Key Points:
TVS Mobility now owns 100% of Roberto Nuti Group. TVS Mobility plans to invest in Roberto Nuti Group to revitalize the company. SI Air Springs leads in air spring solutions for automotive and rail sectors in India. TVS Mobility operates in Europe through TVS Supply Chain Solutions and TVS Srichakra Ltd.
Expected Benefits:
The deal will expand Roberto Nuti Group’s product range. It will strengthen the group’s position in the global market. Luca Randighieri, General Manager of Roberto Nuti Group, expressed excitement about the growth potential and confidence in the collaboration with SI Air Springs.
P. Srinivasavaradhan, Director of SI Air Springs, highlighted the acquisition as a significant step in TVS Mobility’s global expansion, combining their expertise with Roberto Nuti Group’s suspension systems. Both companies will continue to operate normally during the integration period, ensuring a smooth transition for all stakeholders.