Remsons Industries Revolutionizes Automotive Sensor Technology with Majority Investment in Uni-Automation

Remsons Industries Ltd., a leading player in Cables & Shifters for the Automotive Industry, has announced a groundbreaking agreement to acquire a majority stake in the Automotive Sensor Division of Uni-Automation, a distinguished sensor technology firm. This strategic move signifies a pivotal moment for Remsons as it reinforces its commitment to innovation and expands its footprint within the Automotive and Off-Highway Industry.

The proposed investment aligns seamlessly with Remsons' mission to provide cutting-edge solutions that cater to the evolving needs of its customers. Leveraging Uni-Automation's expertise in sensor technology, Remsons aims to fortify its position as a manufacturer of Complete Systems with Embedded sensors.

The introduction of new sensor-based products will significantly broaden Remsons' portfolio, catering to both domestic and global customers. The automotive sensor market has experienced growth due to deep technology integration into legacy platforms and the increased adoption of Electric Vehicles, leading to higher per-unit sensor requirements. Given that sensor requirements are platform-agnostic, this strategic move empowers Remsons to enhance its offerings to customers in the rapidly evolving automotive landscape.

Rahul Kejriwal, Executive Director of Remsons, expressed enthusiasm about the collaboration, stating, "We are thrilled to welcome Uni-Automation into the Remsons family. Their exceptional track record in developing state-of-the-art sensor technologies complements our existing capabilities perfectly. This proposed investment underscores our commitment to providing innovative solutions and enhancing our ability to address the complex challenges faced by our customers."

Vidhyadhar Mahajan, Chairman of Uni-Automation, shared the excitement, stating, "We are excited to join forces with Remsons and embark on this new chapter of growth and innovation. By combining our expertise with Remsons' resources and market reach, we are confident that we will unlock new opportunities and deliver even greater value to our customers."

Amit Srivastava, Remsons Group CEO, emphasized the strategic alignment of the investment with Remsons' philosophy of inorganic growth into Fuel Agnostic products. He also hinted at future plans for acquisitions and joint ventures to further complement and expand the portfolio.

For this transaction, KDA Corporate Advisors LLP served as the transaction advisors, and DBS Law acted as legal advisors to Remsons Industries Ltd.

About Remsons Industries Ltd. Remsons Industries Ltd. is a renowned automotive OEM components manufacturer with a global presence, supplying to two, three, and four-wheeler vehicles, commercial vehicles, and off-highway vehicles for over 50 years. Headquartered in Mumbai, Remsons operates state-of-the-art facilities in Gurgaon, Pune, Pardi, and Daman in India, and Stourport in the UK.