# JBM Group acquires majority stake in Linde-Wiemann

Indian automotive company JBM Auto (part of JBM Group) announced the acquisition of a major shareholding in Germany-based Linde-Wiemann GmbH KG, a specialist in hot forming, tubular assemblies and lightweight auto systems.

- Type: Acquisition
- Announced: 2019-02-22
- Where: Dillenburg, Germany
- Jobs: 2,300
- Status: completed
- Products: hot-formed components, tubular assemblies, aluminium lightweight systems, electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Linde-Wiemann](https://endata.com/companies/37561.md)
- [JBM Group](https://endata.com/companies/6829.md) (acquirer)
- [Linde-Wiemann](https://endata.com/companies/37561.md) (target)
- [Neel Metal Products Limited](https://endata.com/companies/37574.md) (acquirer)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/jbm-auto-acquires-majority-stake-in-german-auto-firm-linde-wiemann/68147633), 2019-02-25: "Indian automotive company JBM Auto on Monday announced that the company has acquired a major shareholding in Germany based Linde-Wiemann GmbH KG."
- [linde-wiemann.com](https://www.linde-wiemann.com/en/blog/linde-wiemann-forms-partnership-with-indian-jbm-group/), 2019-02-25: "JBM is a highly complementary partner for us with respect to customers and technologies as part of the global automotive market"
- [thehindu.com](https://www.thehindu.com/business/Industry/jbm-group/article26367915.ece), 2019-02-25: "JBM will also have access to L+W's strengths in domains such as Electric Vehicle components & systems and battery structure & systems."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/jbm-grp-acquires-60-stake-in-700m-german-auto-co-linde-wiemann/articleshow/68159725.cms), 2019-02-25: "This is the first acquisition of this size that we have done."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.