# EuroGroup Laminations buys 40% stake in India's Kumar Precision Stampings

Italian electric motor component maker EuroGroup Laminations is buying a 40% stake in India's Kumar Precision Stampings, entering the Indian market. The company also signed a preliminary agreement for a strategic electric vehicle sector alliance in China.

- Type: Acquisition
- Announced: 2024-08-02
- Where: India
- Status: announced
- Products: stators, rotors, electric motor components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [EuroGroup Laminations](https://endata.com/companies/74945.md) (acquirer)
- [Kumar Precision Stampings](https://endata.com/companies/78956.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/eurogroup-laminations-signs-partnership-with-chinas-hixih-rubber-industry-2024-08-01/), 2024-08-01: "Italian electric motor component maker EuroGroup Laminations is buying a 40% stake in India's Kumar Precision Stampings."

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