# Texmo Precision Castings acquires 75.1% stake in Feinguss Blank

Indian company Texmo Precision Castings has acquired 75.1% of the shares in German precision casting company Feinguss Blank. The company will operate under the name Texmo Blank, and all jobs and locations will be retained.

- Type: Acquisition
- Announced: 2023-10-15
- Where: Riedlingen, Germany
- Status: completed
- Products: precision cast parts, motors, pumps
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Texmo Precision Castings](https://endata.com/companies/73517.md) (acquirer)
- [Feinguss Blank](https://endata.com/companies/73518.md) (target)

## Sources

- [schwaebische.de](https://www.schwaebische.de/wirtschaft/indisches-unternehmen-steigt-bei-feinguss-blank-ein-1978045), 2023-10-15: "Das indische Unternehmen Texmo Precision Castings hat 75,1 Prozent der Anteile am Riedlinger Traditions-Unternehmen Feinguss Blank übernommen."
- [foundry-planet.com](https://www.foundry-planet.com/d/innovation-leads-the-way-texmo-precision-castings-to-acquire-majority-share-in-feinguss-blank-in-move-that-will-set-the-benchmark-in-investment-casting/), 2023-10-17: "Texmo Precision Castings is acquiring a majority share in Feinguss Blank."

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