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Pricol to acquire wiping systems business of PMP Auto Components

Capital Market 

to help diversify product offerings and access to manufacturing facilities in and North America

has signed binding agreements to acquire 100% of wiping systems business of Ashok Piramal group's PMP Auto Components. The would be undertaken by through its wholly owned subsidiaries.

The will help diversify its product offerings and provide access to manufacturing facilities in and North America. It will also help will increase its presence with passenger vehicles customer diversifying revenue streams and opening up multiple cross selling opportunities.

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

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