Setco Auto Systems Acquired by RSB Transmissions | Manufacturing M&A Deal

RSB Transmissions has completed the acquisition of Setco Auto Systems, a industrial equipment business in India, for an undisclosed value. Setco Auto Systems supplies clutch systems and aftermarket drivetrain solutions for medium and heavy commercial vehicles, strengthening RSB’s automotive components platform in New Delhi. RSB Transmissions acquisitions are focused on building a systems-led, multi-product industrial equipment acquisition footprint across OEM and aftermarket channels by adding drivetrain and clutch capabilities. The RSB Transmissions acquisitions are structured as an add on acquisition under a private equity acquisition by Bain Capital-backed ownership, with Setco Automotive Limited planning to transition away from the Setco brand and rename as Shilayan Industries Limited subject to approvals.