Auto component manufacturer Minda Industries has acquired the global lighting business of Spain-based Rinder Group for Euro 20 million. The acquisition includes 100 per cent equity holding in Rinder India and Light Systems and Technical Centre in Spain; and 50 per cent equity holding in Rinder Riducu, Colombia. The deal will be financed through internal accruals and the debts. The lighting business of Minda Industries at present has a turnover of around Rs 300 crore per annum. The new acquisition will increase the turnover to around Rs 750 crore. The acquisition will give Minda access to Rinder India's three facilities in the country across Bahadurgarh, Haryana and at Chakan and Pimpri, Maharashtra. At a global level, the acquisition will help Minda Industries to enhance its footprint in Indonesia and Vietnam.