Carlyle Completes Acquisition of Highway and Roop, Establishes Global Auto Components Platform

Carlyle Group, a leading global investment firm, has successfully acquired a controlling stake in two major Indian auto component manufacturers, Highway Industries Limited and Roop Automotives Limited, to create a platform for advanced automotive manufacturing. This transaction was part of Carlyle's strategy to expand its presence in India's advanced manufacturing sector, particularly in the auto components supply chain. Both Highway and Roop have established themselves as key players in the production of essential vehicle components over the past few decades. With this acquisition, Carlyle aims to enhance the two companies' synergy, operational capabilities, and technological capacities, thus offering superior value to their extensive global clientele. The deal reflects Carlyle's profound commitment to the Indian market and ambition to integrate these companies into its larger global network, harnessing its expertise in automotive investments. The transaction underscores a strategic consolidation move by Carlyle in the global auto components sector.