India’s Bharat Forge Acquires Walker Forge Tennessee
Auto components major Bharat Forge, based in Pune, and part of the Kalyani Group in India, will buy U.S.-based Walker Forge Tennessee LLC for $14 million. The proposed acquisition is aimed to increase the company’s product offering in its automotive segments as well its industrial sectors such as construction and mining, the company said.
The U.S. firm supplies complex, steel and high-alloy steel, engine and chassis components to customers across automotive and industrial sectors, and is expected to record revenues of $28 million this year, reports VC Circle.
Posted on November 22nd, 2016
by Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject.
He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.