Powerdown Australia Private Limited has picked one-third equity in the Indo-Italian joint Venture Sabo Hema Automotive India Pvt Ltd, the manufacturer of Shock Absorbers and Suspension components.
“Since the establishment of a three-year-long working relationship between Sabo Hema and Powerdown, we collectively have developed and supplied a range of products that have been manufactured to Powerdown’s specifications. This close collaboration on existing and future projects will establish a platform that would make a successful long-term relationship,” said S N Ahmed, CEO, Sabo Hema Automotive Pvt Ltd.
Powerdown Australia is the market leader for commercial vehicle shock absorbers in Australia & New Zealand with the largest aftermarket range available off the shelf. Sabo Hema Automotive is a JV company of Roberto Nuti Spa – Italy and the Hema Group of Industries.
“Powerdown supports the venture with over 33 years of experience and technical knowledge in the shock absorber industry, an established OEM & Aftermarket distribution network, a foot print into new markets and an increasing overseas clientele base. Currently Powerdown are OE suppliers to number of truck & trailer manufacturers in Australia that could lead to further opportunities in Australia and abroad,” said Bruce Gatgens, Chairman Powerdown Australia.
Powerdown started its association with Sabo-Hema as a customer in 2014. Over the years they have successfully designed and developed quality shock absorbers which can survive in the extreme conditions of Australia and many other overseas markets. Following the partnership, they will be able to share technical knowledge, experience and expertise for a wide range of products.