TVS Mobility Group Acquires Italy's Roberto Nuti Group

TVS Mobility Group's subsidiary, SI Air Springs, has acquired Italy's Roberto Nuti Group to expand its product range and strengthen its global market position. Both companies will continue to operate normally during the integration period, aiming for a smooth transition and enhanced international scale.

In a significant move to bolster its global footprint, TVS Mobility Group's subsidiary SI Air Springs has announced the acquisition of Italy-based automotive components supplier Roberto Nuti Group. The acquisition aims to expand product offerings and solidify the group's position in the global market.

The deal involves a 100 percent purchase of Roberto Nuti Group by TVS Mobility, executed through SI Air Springs Private Limited, the company's wholly-owned Indian subsidiary. According to a statement from TVS Mobility, the companies will maintain normal operations throughout the integration phase.

TVS Mobility already holds a strong presence in Europe, courtesy of its other businesses like TVS Supply Chain Solutions and TVS Srichakra Ltd. The acquisition will enable the Italian group to benefit from TVS Mobility's market and product leadership, enhancing its international reach and scale.

Director of SI Air Springs, P Srinivasavaradhan, noted, "This acquisition marks a significant step in our global expansion strategy, allowing us to combine our distinctive skills in the air spring business with Nuti Group's suspension systems expertise." Luca Randighieri, General Manager at Nuti Group, echoed this sentiment, highlighting the growth potential and smooth transition ensured for all stakeholders.

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