Pricol to acquire PMP Auto Components' wiping systems business

Pricol has entered into a binding agreement to acquire the entire ownership interest in the wiping systems business of PMP Auto Components, an Ashok Piramal Group company, for an undisclosed amount. The acquisition will give Pricol access to manufacturing locations in Europe and North America.

“Pricol and PMP Auto Components, India have entered into an exclusive and binding agreement for Pricol to acquire the entire ownership interest in wiping systems business of PMP”financialexpress.com

• 2 sources
• financialexpress.comPricol to acquire PMP Auto ComponentsMay 31, 2017
• mnacritique.mergersindia.comPricol to acquire PMP Auto Components | M&A CritiqueJun 1, 2017

Summarized from public sources; check the original articles before acting on it.