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Bharat Forge completes acquisition of Walker Forge Tennessee LLC & PMT Holdings Inc. USA

Capital Market 

Through its subsidiary Forge America Inc. USA

Forge announced that on 01 December 2016, it has completed of Walker Forge Tennessee LLC and PMT Holdings Inc. through its wholly owned subsidiary, Forge America Inc. for a total consideration of USD 14 million.

With the completion of this transaction, both the acquired companies have become indirect subsidiaries of Bharat Forge with effect from 01 December 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 02 2016. 10:15 IST