Home News Bharat Forge to acquire JS Autocast

Bharat Forge to acquire JS Autocast

Bharat Forge to acquire JS Autocast

Bharat Forge Limited and BF
Industrial Solutions Limited has entered into a definitive agreement to acquire
JS Autocast for an undisclosed sum.

The acquisition will enable Bharat
Forge to expand its product portfolio while strengthening its presence in south
India, the company release stated. Amit Kalyani, Deputy Managing Director, Bharat
Forge said that, JS Auto will accelerate their diversification journey and
enable them in addressing the Decarbonization opportunity. This acquisition
along with the previous deal in the open die segment significantly broadens our
presence, capabilities and product offerings in the industrial space.

The Coimbatore-based company supplies
critical machined ductile iron castings for wind, hydraulic, off-highway and
automotive applications. Over the past 5 years, the sales of
JS Auto have grown at a CAGR of 17.7% and
have a registered sale of INR 259 crores in FY21, stated the media release.

ET Auto.com

Image Source: Google Images





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