Bain Capital-Backed Dhoot Transmission Acquires Multilink in Electronics Manufacturing Expansion

Mumbai: Dhoot Transmission Ltd Acquires Multilink Pvt. Ltd in Strategic Move

Mumbai: In a significant development in the Indian automotive component space, Dhoot Transmission Ltd, a company backed by global private equity firm Bain Capital, has acquired Multilink Pvt. Ltd., a Bengaluru-based manufacturer of electronics and electrical products for two- and three-wheeler makers in India. The acquisition was announced by the companies on Tuesday, but the financial details of the deal were not disclosed.

The integration of Multilink is expected to unlock significant synergies through enhanced procurement efficiencies, manufacturing capabilities, and supply chain optimization. This strategic bolt-on acquisition marks another significant move by Dhoot, reinforcing its capabilities as a scaled, integrated solutions provider to the automotive ecosystem. The acquisition aligns with Dhoot's strategy to capitalize on accelerating trends toward increased electrification, premiumization, and electronic content in vehicles, supported by rising EV adoption.

Multilink supplies original equipment manufacturers (OEMs) with a diversified product portfolio that includes chargers, sensors, relays, and switches. The company operates three manufacturing facilities in Hosur, Mysore, and Manesar. The acquisition is expected to strengthen Dhoot's position in the fast-evolving 2W and 3W segments, where electrification and increasing electronic content are driving structural growth.

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The combined platform will enable cross-selling opportunities across a broader customer base, further accelerating growth. Dhoot's scale, customer relationships, and manufacturing capabilities, along with Bain Capital's strategic support, provide a strong platform for the next phase of growth. The acquisition is a strategic move by Dhoot to bolster its electrical and electronics capabilities, following an earlier announcement of a merger between one of the company's subsidiaries and FourFront, a Tier-1 supplier of customized electro-mechanical and electronic solutions to OEMs.