M&A

M&A

Autocomp supplier Bharat Forge to acquire AAM India’s axle business

Business Line  

Publicly listed Bharat Forge, a player in metal forging and a key supplier of critical automotive components is to acquire 100% equity of Ahmednagar, Maharashtra-based AAM India Manufacturing Corporation Pvt Ltd (AAMCPL).Before the deal’s closure, AAM India’s parent company, American Axle & Manufacturing Holdings Inc will restructure its Indian operations. This includes carving out its captive IT support and product engineering services and transferring its e-axle assembly lines to AAMCPL. The transaction marks AAM Holdco’s exit from the CV axle market in India.