 "Bharat Forge acquires US-based WFT and PMT Holding for Rs 95 crore")
"Bharat Forge Ltd has... Completed acquisition of US-based Walker Forge Tennessee LLC and PMT Holdings Inc, USA through its wholly-owned subsidiary Bharat Forge America for USD 14 million," the company said in a BSE filing.
It further said, "With the completion of this transaction Walker Forge Tennessee LLC and PMT Holdings Inc, USA have become indirect subsidiaries of the company."
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Last month, the company had announced the acquisition and said it aimed at expanding its product range in automotive and other industrial segments.
WFT is a supplier of complex, steel and high-alloy steel, engine and chassis components to a diverse group of customers across automotive and industrial sectors.
The US firm is expected to record revenues of USD 28 million this year with a balanced revenue mix across the automotive and industrial sectors.
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