# Forbes Company approves demerger of precision tools business

The Board of Forbes Company approved a scheme of arrangement to demerge its business into Forbes Precision Tools and Machine Parts, creating a separate resulting company.

- Type: Acquisition
- Announced: 2022-09-26
- Where: India
- Status: announced
- Products: precision tools, machine parts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Forbes Company](https://endata.com/companies/65642.md)
- [Forbes Precision Tools and Machine Parts](https://endata.com/companies/65643.md) (target)

## Sources

- [indiainfoline.com](https://www.indiainfoline.com/news/companies/board-of-forbes-company-approves-scheme-of-arrangement-2), 2022-09-29: "The Board of Forbes Company at its meeting held on 26 September 2022 has approved the Scheme of Arrangement between Forbes Company and Forbes Precision Tools and Machine Parts."

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