26 December, 2023

Vega Singapore takes over Shiro Helmets

Shiro Helmets, a company based in Torre Pacheco specialized in the manufacture and sale of helmets, has been acquired by Vega Auto Singapore, a multinational based in Singapore, who will take over this company from now on after reaching an agreement with the previous owners.

Specifically, within the multinational it will be Vega Auto who will integrate Shiro Helmets into its structure. It is a division also specialized in the manufacture of helmets whose headquarters are established in Belgaum, India, and which hopes to improve its presence in Europe with the acquisition of a brand already established in the market.

” Deal agreed and signed upon. Paperwork completed. New strategy plans on going”, with these words, Partha Chindak, head of Exports and Business Development at Vega Auto, celebrated the acquisition of Shiro, highlighting his enthusiasm to start working as a single team with the Murcian company. ” This acquisition can help Vega expand its footprint in European market and also helps Vega comes closer to its main objective of becoming the number one motorcycle helmet company in the world (brand/manufacturing) .

This acquisition can help expand Vega‘s presence in the European market while bringing it closer to its primary goal of becoming the No. 1 helmet manufacturing company worldwide.”

With a share capital of €2.2 million, Shiro Helmets is a company with 30 years of experience that reached a turnover of €4.4 million in 2022. This figure, although it represents an increase of 22% compared to the previous year, is still below pre-covid figures, when it maintained a turnover of 5.8 million. However, it was not only the pandemic that considerably reduced the volume of business, as it had already been decreasing before, since in 2018 it exceeded 8.4 million in sales.

For its part, Vega Singapore has an extensive network of more than 400 distributors throughout India, and has also gained a presence in countries such as the United States, Germany, Italy, Angola, Nepal, Thailand, Sri Lanka, Bangladesh and the United Arab Emirates, a list to which Spain will now join with the new headquarters in Torre Pacheco.