New Delhi, Jul 7 (PTI) Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount.

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Rollon is engaged in manufacturing, assembly and supply of high-precision turned parts, spools, and other machined components with critical engineering applications for the agriculture and off- Highway segment from its two facilities based out of Bengaluru.

"Our focus on being a solutions provider to our customers has been a driving force for this acquisition. We are getting access to a new industry segment of construction and material handling for our precision metal business," Motherson Chairman Vivek Chaand Sehgal said in a statement.

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The company believes this business is highly synergistic with Motherson's existing business and offers ample opportunities to grow this business in India, Mexico & other geographies, he added.

"This is our fifth acquisition in India in the past 12 months, reaffirming India's importance in our future plans," Sehgal noted.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)