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Dhoot Transmission acquires Bengaluru’s San Electromec

In a bid to diversify its customer base, Aurangabad-based Dhoot Transmission, the second-largest Indian wiring harness maker for two wheelers, has acquired San Electromec, wire harness and control panel player that specializes in railways, defence, construction and specialty vehicle segment, for an undisclosed sum This is Dhoot’s fourth acquisition after it bought Parkinson Harness Technology (UK), TFC Cable Assemblies (Scotland) and a JV into automotive switches & controllers with Carling Technologies of the USA. Dhoot bought into Carling, instead of carving out a separate firm.Singhi Advisors, a global investment bank focused on niche mergers and acquisitions, advised Dhoot Transmission in the transaction besides Aeterno Partners, a bouti.....

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