Precision Camshafts has received an approval for acquisition of MEMCO Engineering (MEMCO), precision component maker based in Nashik, Maharashtra. The board of directors at its meeting held on October 10, 2017 has approved for the same.
Precision Camshafts is one of the world’s leading manufacturers and supplier of camshafts, a critical engine component, in the passenger vehicle segment based on its estimated global market share by volume.