MUMBAI: Leading utility vehicle manufacturer, Mahindra & Mahindra will acquire 90 per cent stake in Germany-based forging company, Schoneweiss & Co GmbH.
Mahindra & Mahindra through its subsidiaries has agreed to acquire 90.47 per cent stake in Schoneweiss, a leading company in the forgings sector in Germany, M&M informed the Bombay Stock Exchange.
The company, however, did not disclose any financial details of the acquisition.
Schoneweiss is one of the top five axle beam manufacturers in the world and specialises in suspension, power train and engine parts.
