Transaction Details

  • Acquisition of Hyva India's specialist tipper manufacturing business for construction, mining, and infrastructure applications
  • Business acquired at a valuation of approximately 3.60x EV/EBITDA
  • Valuation based on EBITDA for CY25 (January to December 2025) derived from management accounts
  • Enterprise Value computed on a cash-free, debt-free basis
  • USD/INR exchange rate of 95.26 considered for valuation calculations

Strategic Benefits

  • Adds three new facilities located in Pune, Jamshedpur, and Bangalore
  • Expands Belrise's customer base to include a leading European commercial vehicle OEM
  • Enhances Belrise's position as a Tier-0.5 supplier
  • Establishes design and development partnerships with all key commercial vehicle OEMs
  • Serves all of the top 5 commercial vehicle OEMs