Precision Camshafts (PCL) has acquired remaining 5% Equity Shares in MEMCO Engineering, having registered office at F-5, Satpur MIDC, Nashik, Maharashtra. The company had earlier acquired 95% equity shares of MEMCO with the objectives of expanding its business operations. After acquisition of balance 5% equity shares from the existing shareholders, MEMCO is wholly owned subsidiary of PCL.
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.
