Private Equity

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Brakes India acquires 10% in Japan’s autocomp maker TBK Co.

Business Line   TBK Co  

Brakes India, the Chennai-based supplier of braking systems and ferrous castings, catering to passenger and commercial vehicles and tractors, and Japan’s TBK Co have signed a capital and business alliance agreement.With this, Brakes India, a TSF Group Company, acquires a 10% shareholding in TBK through a primary capital infusion. TBK, a global auto component manufacturer in the M&HCV segment, specialises in brakes, pumps and engine-related components.With this agreement, Brakes India has access to TBK’s line-up of products for the Indian market and will offer Brakes India’s leading pneumatic braking products to new customers outside of India.