# NEI acquires Kinex Bearings

National Engineering Industries Ltd (NEI), part of the CK Birla Group, acquired Slovakia-based automotive bearing manufacturer Kinex Bearings, including two production plants, for an undisclosed amount.

- Type: Acquisition
- Announced: 2020-01-15
- Where: Slovakia, Slovakia
- Jobs: 1,000
- Status: completed
- Products: bearings
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CK Birla Group](https://endata.com/companies/21712.md) (partner)
- [National Engineering Industries Ltd (NEI)](https://endata.com/companies/44543.md) (acquirer)
- [Kinex Bearings](https://endata.com/companies/44544.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/ck-birla-group-firm-nei-acquires-slovakia-based-kinex-bearings-11579089208306.html), 2020-01-15: "The Kinex acquisition equips NEI to enhance its scale and further diversify its portfolio with a much stronger position to provide best-in-class products to both new and existing customers."

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