Opportunities for new product offerings

Global auto ancillary major Precision Camshafts Ltd. (BSE 539636; NSE PRECAM) has acquired German precision machinist MFT Motoren und Fahrzeugtechnik GmbH (MFT).

Announcing the acquisition, Yatin Shah, PCL’s Chairman and Managing Director, said: “This acquisition is value accretive which will open up synergetic opportunities for us through new product offerings and will establish a global brand presence.”

MFT enjoys long term relationships with marquee global customers like Volkswagen, Audi, Opel, Westfalia, Hatz, Suzuki, etc. MFT’s key products include Balancer Shafts, Camshafts, Bearing Caps, Engine Brackets and several non-engine Prismatic components.

Guido Glinski, MFT Managing Director, will continue to own 24% of the business and run the show at MFT, located close to the Polish and Czech border.

PCL, a one-stop solution for Camshaft’s, Chilled Cast Iron, Ductile Iron, Hybrid and Assembled, has set a global benchmark in quality due to strong systems, technology & processes and has exported over 60 million camshafts without a single field failure since its inception.

The company has an enviable client roster including global OEMs such as Ford Motors, General Motors, Toyota, Maruti Suzuki, Hyundai, Daimler and Porsche. fii-news.com