M&A

M&A

Balu Forge acquires precision machining unit of Mercedes Benz truck factory in Germany

BSE Disclosure  

Mumbai-based, publicly listed Balu Forge Industries Ltd (BFIL) has acquired the precision machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany. The acquisition will be installed in the new machining facilities of BFIL in Belgaum, Karnataka. The expansion will enable BFIL to produce crankshafts and other precision machined components for original equipment manufacturers in the class 7 and class 8 trucks and heavy-duty vehicle category.