Mahindra to acquire Metalcastello, Italy

Mahindra & Mahindra and ICICI Venture Funds Managements have formed a consortium to acquire a 100 percent stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. The transaction is subject to receipt of necessary approvals.

18 Apr 2008 | 10020 Views | By Autocar Pro News Desk

Mahindra & Mahindra and ICICI Venture Funds Managements have formed a consortium to acquire a 100 percent stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. The transaction is subject to receipt of necessary approvals.

According to Hemant Luthra, president of Mahindra’s auto components division Systech, “Mahindra Forgings ...

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