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Pricol concludes acquisition of Brazil based auto component manufacturing company

04 Feb 2015 Evaluate

Pricol has completed the acquisition of the Melling Do Brazil Componentes Automotivos, Sao Paulo, Brazil. The acquisition cost is Brazilian One Reais (B$ 1) only.

The company had earlier on December, received an approval to acquire 99.99% of stake in a Brazil based auto component manufacturing company through its wholly owned subsidiary incorporated in Spain ‘Pricol Espana Sociedad’.

Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.

Peers
Company Name CMP
SamvardhanaMotherson 124.80
Tube Investments 2884.90
Bosch 38113.50
UNO Minda 1150.15
CIE Automotive India 494.10
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