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Leading Indian auto parts maker Bharat Forge (BFL) has entered into an agreement with David Brown System India (Holdings), through its wholly-owned subsidiary BF Infrastructure Ventures Limited (BFIVL) to form a 50:50 joint venture company.
The JV company will serve the Indian heavy engineering industry and will supply both new build gearboxes and comprehensive aftermarket services to sectors like power, mining, defence, steel etc.
SNG & Partners advised David Brown with a team led by Partner Amit Aggarwal along with Principal Associate Saroj Pandey and Senior Associate Devyani Dhawan.
Desai & Diwanji assisted the in-house team of Bharat Forge with a team led by Associate Partner Natasha Treasurywala.
David Brown is a part of Clyde Blowers portfolio and a global leader in the gear box and transmissions markets.
According to Business-Standard, initially the JV company will be operational from Bharat Forge’s current facilities and then it will have a dedicated site for gear box assembly and testing by mid-2012. The JV company intends to set-up two service centres in Bangalore and Kolkata by end-2011 and additional locations for service centres in Delhi and Hyderabad are being planned by end-2013.