Soon after India’s biggest automobile company Tata Motors took over world’s two prominent automobile leaders, the Land Rover and the Jaguar,Mahindra and Mahindra another automotive Badshah of India, teamed up with ICICI Venture Funds Management to aquire Metalcastello, one of Europe’s renowned Gear and shaft manufacturer. The deal size, yet to be revealed, is estimated to be 100 million Euros. The company founded in 1952 is situated near Bologna & has revenues of around $100 million. Hemant Luthra, president of Mahindra Systech said the deal would definitely help the company to enhance the synergies they had already been harvesting.
Powered by Gregarious (41)
Share This