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VBG Group, through its subsidiary Ringfeder Power Transmission India Private Ltd, signed an agreement to acquire all shares in Indian company Rathi Transpower Pvt. Limited for a total purchase price of approximately 300 MSEK.
VBG Group has acquired The Carlyle Johnson Machine Co., a manufacturer of power transmission components. The acquisition was announced in March 2022.
VBG Group, through its subsidiary Ringfeder Power Transmission US, acquired all shares in The Carlyle Johnson Machine Co., LLC for USD 16.5 million on a cash and debt free basis. Carlyle Johnson designs and manufactures motion control components for industrial applications.