CCI Clears Bharat Forge’s 100% Acquisition of AAM India with Conditions
ECONOMY & POLICY

CCI Clears Bharat Forge’s 100% Acquisition of AAM India with Conditions

The Competition Commission of India (CCI) has approved the proposed acquisition of 100% equity shareholding in AAM India Manufacturing Corporation Private Limited (AAMCPL) by Bharat Forge Limited (BFL), subject to voluntary modifications offered by the parties involved.

Bharat Forge, a global leader in forging and engineering solutions, operates across sectors such as automotive, defence, aerospace, oil & gas, and railways. It supplies forged axle sub-components both domestically and internationally.

The Target entity, AAMCPL, is engaged in the manufacture and sale of commercial vehicle axles in India.

Under the proposed transaction, before the acquisition, AAMCPL will hive off its Pune-based captive IT support and product engineering division as well as its components export business to affiliates of its parent company, American Axle & Manufacturing Holdings Inc. Additionally, e-axle assembly lines currently with AAM Auto Component (India) Pvt Ltd will be integrated into AAMCPL.

The Commission has approved the acquisition with voluntary modifications to address potential competition concerns. A detailed order will be issued in due course.

The Competition Commission of India (CCI) has approved the proposed acquisition of 100% equity shareholding in AAM India Manufacturing Corporation Private Limited (AAMCPL) by Bharat Forge Limited (BFL), subject to voluntary modifications offered by the parties involved. Bharat Forge, a global leader in forging and engineering solutions, operates across sectors such as automotive, defence, aerospace, oil & gas, and railways. It supplies forged axle sub-components both domestically and internationally. The Target entity, AAMCPL, is engaged in the manufacture and sale of commercial vehicle axles in India. Under the proposed transaction, before the acquisition, AAMCPL will hive off its Pune-based captive IT support and product engineering division as well as its components export business to affiliates of its parent company, American Axle & Manufacturing Holdings Inc. Additionally, e-axle assembly lines currently with AAM Auto Component (India) Pvt Ltd will be integrated into AAMCPL. The Commission has approved the acquisition with voluntary modifications to address potential competition concerns. A detailed order will be issued in due course.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Ingram Micro India Earns Sixth Great Place to Work Certification

Ingram Micro India has recently received its sixth consecutive Great Place to Work® certification, recognising the company’s efforts to build a workplace culture centred on trust, collaboration and employee development.The company said the recognition reflects its continued focus on strengthening organisational culture and improving employee experience. Over the past year, Ingram Micro India has worked on employee engagement, encouraging open dialogue, building leadership capabilities and expanding learning and development opportunities.As part of its “Elevate – Soar Higher” programme..

Next Story
Infrastructure Urban

Genesys International Appoints Nikhil Alulkar as CEO

Genesys International Corporation has appointed Nikhil Alulkar as Chief Executive Officer as the geospatial technology company enters its next phase of growth across enterprise, government and international markets.Alulkar will lead company-wide operations, business execution and growth. His responsibilities will include scaling Genesys’ AI-native mapping and Digital Twin platforms, expanding its enterprise and B2B presence, strengthening government and institutional relationships, and developing the operating structure required for international expansion.The appointment comes as Genesys lo..

Next Story
Real Estate

B-Right Real Estate Targets 4.7 Mn Sq Ft Mumbai Growth by 2033

B-Right Real Estate Group has outlined plans to develop approximately 4.7 million sq ft of real estate in Mumbai by 2033 as part of its long-term Vision 2033 roadmap. The company said its expansion strategy will remain focused on Mumbai, with redevelopment-led projects forming a key part of its portfolio.Founded in 2007, B-Right Real Estate has been involved in redevelopment and Slum Rehabilitation Authority (SRA) projects across Mumbai. Its Vision 2033 strategy focuses on financial discipline, governance, design and community-oriented development as it expands its project pipeline.Founder, Ch..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement