Bharat Forge Ltd., an auto parts manufacturer with headquarters in Pune, said that it had successfully acquired JS Autocast Foundry India Private Limited, a company with headquarters in Coimbatore, together with its subsidiary BF Industrial Solutions.
In February, an agreement to purchase JS Autocast, a provider of essential machined ductile castings for automotive, hydraulic, off-highway, and wind applications, was announced.
“Bharat Forge Limited along with its subsidiary, BF Industrial Solutions Limited has successfully completed the previously announced acquisition of JS Autocast Foundry India Private Limited. The Enterprise Value of the transaction is Rs 489.63 crore,” the company said in a release.
