Acquiring Company
Gabriel India Limited
Acquired Company
HL Klemove India Private Limited
Anand
South KoreaManufacturingAutomotiveManufacturingAutomotiveDescription
Gabriel India Limited has entered into a definitive agreement to acquire a 30% minus one share stake in HL Klemove India Private Limited for USD 98.44 million. This strategic move aims to enhance Gabriel India's capabilities in automotive electronics and autonomous driving. In addition, Gabriel India is acquiring a 28.99% stake in HL Mando Anand India Private Limited as part of a larger investment initiative. The dual transactions represent a significant commitment to expanding into high-growth sectors of the automotive industry.
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Based on deal dataFrequently asked
Who acquired HL Klemove India Private Limited?
HL Klemove India Private Limited was acquired by Gabriel India Limited, based in Anand. The deal was reported on August 26, 2026. Gabriel India Limited is a leading manufacturer of shock absorbers and related automotive systems for two- and three-wheelers, passenger cars, commercial vehicles, and railways. Gabriel India Limited is privately held and operates in Manufacturing.
When did Gabriel India Limited acquire HL Klemove India Private Limited?
Gabriel India Limited's acquisition of HL Klemove India Private Limited was reported on August 26, 2026. Gabriel India Limited has entered into a definitive agreement to acquire a 30% minus one share stake in HL Klemove India Private Limited for USD 98.44 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HL Klemove India Private Limited do?
HL Klemove India Private Limited specializes in advanced driver assistance systems (ADAS) and automated driving technologies. The company operates localized production lines in India, enhancing domestic supply chain capabilities for automotive electronics. It is privately held, operating in Manufacturing, and is based in South Korea.
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