Syrma Technology and SGS Tekniks … announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation of Syrma SGS Technologies with a combined turnover of over Rs.1000 crores, with 55% revenues coming from exports primarily to USA and Europe. The deal was supported through a Private Equity investment by GEF.

— The Economic Times

Algo Legal advised Syrma Technology Private Limited led by a team of partner Siddharth Prasad, partner Abhinav Bhalaik, principal associate C S Rahul Roy, senior associate Mahika Parikh and compliance associate Bhakti Indu Nayak.

Touchstone Partners represented private equity investor GEF in the deal.

J Sagar Associates (JSA) acted for SGS Tekniks in the merger.

2020-11-01

Deal value: INR 1200 crores (USD 165 million approximately)

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