# CATENSYS India to acquire chain drive business from Schaeffler India for INR 274M

CATENSYS India Private Limited agreed to acquire the chain drive business from Schaeffler India Limited for approximately INR 274 million.

- Type: Acquisition
- Announced: 2022-05-22
- Where: India
- Status: announced
- Products: chain drive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler India](https://endata.com/companies/8619.md) (target)
- [CATENSYS India Private Limited](https://endata.com/companies/62997.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SCHAEFFLER-INDIA-LIMITED-6493485/news/CATENSYS-India-Private-Limited-agreed-to-acquire-chain-drive-business-from-Schaeffler-India-Limited-40529763/), 2022-05-22: "CATENSYS India Private Limited agreed to acquire chain drive business from Schaeffler India Limited for approx INR 274 million."

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