Bharat Forge has completed acquisition of Walker Forge Tennessee LLC and PMT Holdings Inc., USA through its wholly-owned subsidiary, Bharat Forge America Inc., USA, on December 1, 2016, for a total consideration of $14 million.
With the completion of this transaction, both Walker Forge Tennessee LLC and PMT Holdings Inc., USA have become indirect subsidiaries of Bharat Forge with effect from December 1, 2016. Walker Forge Tennessee LLC has been renamed as Bharat Forge PMT Technologie LLC and PMT Holding Inc. has been renamed as Bharat Forge Tennessee Inc.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
