SI Air Springs, a subsidiary of the $3 billion group TVS Mobility, announced the acquisition of Roberto Nuti Group, an Italian company that manufactures and markets suspension systems mainly for heavy vehicles in the aftermarket.

SKAA Legal Services (International) LLP advised Roberto Nuti Group on Indian laws.

The transaction team was led by Partner Satinder Kapur.

SI Air Springs is a market leader in India in the field of air spring solutions for the automotive and rail sector.

TVS Mobility has a well-rooted presence in Europe with some of the other businesses that are part of the group such as TVS Supply Chain Solutions and TVS Srichakra Ltd.

The collaboration is expected to create significant synergies for both TVS Mobility group companies and the Roberto Nuti Group, broadening the latter's product range and strengthening its position in the global market.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.