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Endurance Technologies’ arm acquires 99% stake in Adler SpA

16 Apr 2020 Evaluate

Endurance Technologies’ subsidiary and the special purpose vehicle for strategic overseas investments -- Endurance Overseas Srl, Italy, has acquired controlling equity stake of 99% in Adler SpA. Acquisition of the controlling stake has been achieved by an investment of Euro 3.5 million in the share capital of Adler, with an effective date of April 15, 2020.

Acquisition of stake in Adler will give Endurance Group total access to their technical know-how and intellectual property rights. This acquisition would also provide future growth opportunities for our domestic market in India and for export opportunities. Upon acquisition of the controlling stake by EOSrl, corporate name of Adler is being changed to Endurance Adler SpA. Consequent to this acquisition, the Endurance Group in Europe now has ten manufacturing plants, of which seven are in Italy and three in Germany.

Endurance Technologies manufactures aluminium casting (including alloy wheels), suspension, transmission and braking products. The company’s products include aluminium casting, which offers high pressure die castings, low pressure die castings, gravity die castings etc.

Endurance Tech Share Price

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