Informative

Bharat Forge signs definitive agreement to acquire AAM India Manufacturing Corporation Pvt Ltd

Update / Judgement Date

18 Oct 2024

Source

The Hindu

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceMerger & Acquisition

Bharat Forge signed a definitive agreement to acquire AAM India Manufacturing Corporation Pvt Ltd, a subsidiary of American Axle & Manufacturing Holdings Inc. The acquisition, valued at ₹300 crore, aims to strengthen Bharat Forge’s position in the automotive components sector. AAM India specializes in manufacturing driveline systems and components for commercial vehicles. The deal is expected to enhance Bharat Forge’s product portfolio and expand its customer base. The acquisition aligns with Bharat Forge’s strategy to diversify its offerings and capitalize on growth opportunities in the automotive industry.

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Bharat Forge signs definitive agreement to acquire AAM India Manufacturing Corporation Pvt Ltd

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