# PG Technoplast to acquire 100% stake in Next Generation Manufacturers

PG Eectroplast's wholly owned subsidiary PG Technoplast has signed a definitive agreement to acquire 100% of Next Generation Manufacturers (NGM), a manufacturer of consumer durables, air conditioners and televisions. The acquisition will make NGM a wholly owned subsidiary of PGTL and position PGTL as a preferred vendor to Amstrad.

- Type: Acquisition
- Announced: 2024-02-12
- Where: India
- Status: announced
- Products: consumer durables, home appliances, air conditioners, televisions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [PG Eectroplast](https://endata.com/companies/75581.md)
- [PG Technoplast](https://endata.com/companies/62909.md) (acquirer)
- [Next Generation Manufacturers](https://endata.com/companies/75582.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/pg-eectroplast-arm-inks-pact-to-acquire-100-stake-in-ngm-124021200085_1.html), 2024-02-12: "PG Eectroplast (PGEL) said that its wholly owned subsidiary, PG Technoplast has enetered into definitive agreement to acquire 100% stake in Next Generation Manufacturers (NGM)."

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