Bharat Forge’s (BFL) German subsidiary - CDP Bharat Forge GmbH, has acquired 100% equity shares of Mecanique Generate Langroise (MGL). The transaction is valued at 11.8 million euro.
MGL based in Saint Goesmes, France is a strong technology oriented company focused on precision machining and other high value added processes like cladding for critical application in the Oil & Gas industry. MGL supplies turnkey components for drilling application like Blow out Preventers (BoP), Surface & sub-sea well heads in addition to components for power sector. MGL primarily caters to premium global Oil & Gas customers, all of whom are already customers of BFL.
This acquisition is largely focused on further consolidating BFL position in the Oil & Gas space by enhancing service offerings and geographical reach. This also brings BFL closer to its customers and increases the value addition provided to them. This is first among many opportunities that the company is looking at addressing in North America, North Sea area & Middle East.
