Samvardhana Motherson Automotive Systems Group BV (SMRPBV) on Sunday said it has inked a pact to acquire Germany-based SAS Autosystemtechnik GmbH at an enterprise value of 540 million euros (around Rs 4,789 crore). The...
Germany’s Bosch to increase stake in Sweden’s Husqvarna to 12%
Bosch (ROBG.UL) has agreed to increase its shareholding in Sweden’s Husqvarna to roughly 12%, making it one of the biggest shareholders, in a move to strengthen their battery alliance, the German auto parts maker...
Novelic buyout is a smart move for Sona BLW
Investors have cheered the entry of Sona BLW Precision Forgings Ltd into the sensor and software business. The auto component manufacturer plans to acquire a 54% stake in Novelic, a Serbian company focussing on...
Bharat Forge’s arm to acquire SEZ unit of Indo Shell Mould
Auto components maker Bharat Forge Ltd on Monday said its step-down subsidiary JS Auto Cast Foundry India will acquire the SEZ unit of Indo Shell Mould Ltd located at SIPCOT, Erode in Tamil Nadu for an undisclosed sum...
TAFE acquires interior systems biz of French automotive supplier
Tractors and farm equipment manufacturer TAFE Ltd has acquired FAURECIA, an interior business group of the French global automotive supplier FORVIA, the company said on Friday. The deal covers operations of FAURECIA in...
Minda Corporation ties up with South Korea’s Daesung Eltec for ADAS technology
Auto components maker Minda Corporation said it has collaborated with South Korean firm Daesung Eltec to bring next generation advanced driver assistance system solutions to India. The two companies signed a technology...
Banks plan to sell Tenneco buyout debt next week – sources
The banks financing buyout firm Apollo Global Management Inc’s $5.4 billion acquisition of auto parts maker Tenneco Inc aim to start selling a chunk of the junk-rated debt to investors next week, two people...
Bharat Forge unit Kalyani Powertrain forms JV with Harbinger Motors
Auto components major Bharat Forge said its unit Kalyani Powertrain has joined hands with US-based Harbinger Motors to form a joint venture focused on developing electric drivetrain solutions for the commercial vehicle...
