M&M to buy German forging firm Schoneweiss

Mahindra & Mahindra (M&M) has decided to acquire 90.47% stake in Schoneweiss, a leading company in the forgings sector in Germany.

According to a release issued by M&M , the acquisition would be done through its subsidiaries.

"Schoneweiss is one of the top five axle beam manufacturers in the world, and specialises in suspension, power train and engine parts," the release added.