Pioneer Legal, AZB, Foley & Lardner acted on Bharat Forge Limited's acquisition of AAM India Manufacturing Corporation Private Limited at an enterprise value of ₹544 crore.
Pioneer Legal advised Bharat Forge on this acquisition deal.
The transaction team consisted of Narendra Dingankar (Partner), Sanket Jain (Partner), Dhruval Sheth (Senior Associate), Param Gupta (Senior Associate), Mamta Jain (Senior Associate), Anant Tripathi (Senior Associate), Shreya Gokhale (Associate), Andre Jaggi (Associate), Dhruv Jain (Associate), Hemangi Gurjar (Paralegal).
AZB & Partners and Foley & Lardner LLP represented AAM India Manufacturing Corp on this acquisition deal.
AM India Manufacturing Corporation Private Limited (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings. The acquisition includes AAMIMCPL's commercial vehicle axle business in Pune and Chennai, along with the Pune Engineering and Development Centre.
This is expected to provide Bharat Forge with access to AAMIMCPL's technology and expertise in axle manufacturing, as well as its customer base. The acquisition is expected to be completed by the end of the year, subject to customary closing conditions and approval from the Competition Commission of India (CCI).
Bharat Forge Limited (BFL), a Pune-based Indian multinational, is a technology that provides high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defense and aerospace. BFL has presence across 18 manufacturing locations in five countries with the largest repository of metallurgical knowledge and offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation
Established in India in 2008, AAMIMCPL specialises in the production of axles for commercial vehicles, including light, medium, and heavy-duty trucks, as well as passenger buses.
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