Auto components major Bharat Forge on Thursday announced that it will acquire JS Autocast Foundry India for an undisclosed sum to expand its portfolio in the industrial sector and its manufacturing footprint in southern...
Lords Automative ties up with state-owned firm to make EVs in Kerala
Lord’s Mark Industries Pvt Ltd, a Mumbai-based renewable energy products maker, is forming a joint venture with Kerala state-owned Kerala Automobiles Ltd to expand its electric vehicle business and foray into EV...
Balu Forge acquires precision machining unit of Mercedes Benz Truck Factory
Balu Forge Industries Ltd (BFIL) has announced that it has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory from Mannheim, Germany. The acquisition will be installed in the new machining...
Hyundai, Daewoo tie-up gets EU antitrust veto
Hyundai Heavy Industries proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world’s biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would...
ZF takes stake in mobility software startup Apex.AI as it raises $56.5 mln
Germany’s ZF Friedrichshafen, one of the world’s largest suppliers of auto parts, has acquired a 5% stake in Silicon Valley mobility software startup Apex.AI in a fundraising round led by investment firm...
Australia’s GUD Holdings to buy AutoPacific Group for $531 mln
Australian automotive parts maker GUD Holdings said on Tuesday it would buy vehicles accessories maker AutoPacific Group for about A$744.6 million ($531.42 million) from private equity firm Pacific Equity Partners. The...
Iveco sees spin-off from CNH as boost to both companies’ M&A prospects
Truckmaker Iveco Group said on Thursday that its planned spin-off from parent CNH Industrial would help the two groups actively take part in the industry’s ongoing consolidation. In its listing prospectus, Iveco Group...
MM Forgings acquires crankshaft supplier CAFOMA Autoparts for Rs 33 crore
Auto components maker MM Forgings Ltd (MMF) on Saturday said it has acquired CAFOMA Autoparts for a total consideration of Rs 33 crore. The deal to acquire CAFOMA, one of the large independent suppliers of machined...
Motherson Sumi acquires two companies, enters aerospace
Automotive components major Motherson Sumi Systems on Friday announced two acquisitions made by the group, one marking its entry into the aerospace industry, while the other expanding its business in China. Motherson...
Qualcomm tops Magna’s bid with $4.6 billion offer for Veoneer
Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for $4.6 billion, an 18.4% premium to a bid in July by Canada’s Magna International Inc that was accepted by Veoneer’s...
Motherson Group forms partnership with Marelli Automotive Lighting
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), (a Motherson Group company), has signed an MoU (Memorandum of Understanding) with Marelli Automotive Lighting to explore a new technological partnership...
Magna International to buy Veoneer for $3.8 billion
Canadian auto parts maker Magna International Inc said on Thursday it will buy Swedish rival Veoneer Inc for about $3.8 billion in cash, in a deal that would help expand its driver assistance technologies business...
