Bharat Forge to acquire AAM India Manufacturing for ₹5,445 million

Bharat Forge Limited has signed a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited, a subsidiary of American Axle and Manufacturing, for an enterprise value of ₹5,445.30 million. The acquisition includes the commercial vehicle axle business in Pune and Chennai, along with the Pune Engineering and Development Centre.

“AAMIMCPL’s acquisition, when completed, will be a significant milestone in our transformational journey of adding product solutions to our repertoire on the vehicle component side.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comBharat Forge signs definitive agreement to acquire AAM India Manufacturing Corporation Pvt Ltd - The HinduBusinessLineBL Pune BureauOct 18, 2024

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