Pune, India based automotive component supplier Bharat Forge has completed its acquisition of AAM India Manufacturing Private Limited (AAM India). The completion follows the announcement on 17 October 2024 and 22 April transaction and comes at an equity value of 7,464.6 million rupees (around 74 million euros), subject to adjustments, including 1,894.8 million rupees (around 19 million euros) cash on the books of AAM India. Bharat Forge states this cash “is available for addressing future growth opportunities.”
“We are acquiring an entity which has a formidable name in the automotive products space supplying to all major OEM across traditional and new mobility technology. This acquisition will enable us to complement our component offerings with products solutions to OEMs in India and globally,” the new owner stated.
