M&M completes GRD acquisition

Mahindra & Mahindra has successfully closed acquisition of Auto Designing co., G.R. Grafica Ricerca Design S.r.l (GRD), an Italian auto designing, feasibility and styling company based in Turin, Italy. M&M acquired this business through its Italian subsidiary Mahindra Graphic Research and Design (MGRD).

GRD executes designing, feasibility and styling work for leading auto OEMs and designing companies based in Europe and Asia. The company employs a team of 60 highly experienced (average experience 11+ years) people with high technical competence and experience across various designing segment.

GRD has developed strong standards and skill sets in body and trim design areas. For the year 2007, the revenues of GRD were around Euro 6 million. The current GRD management team continues to drive all operations for MGRD.