Minda Industries has acquired 100% shares of Clarton Horn S.A.U., a leading manufacturer of automotive electronic horns supplying to all major OEMs in Europe. The company has acquired these shares from PMAn Domestic AG, Germany on April 15, 2013 for Euro 6.8 million. With this initiative, the company aims to become a global player in automotive horns.
Clarton Horn has a manufacturing plant in La Carolina, Spain and Sales Office in Germany. The annual turnover of Clarton Horn for 2012 was Euro 38 million.
Minda Industries is the flagship company of the Minda Group. It commands more than 70% market share in the 2/3 wheeler segment in India.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 123.20 |
| Tube Investments | 2876.95 |
| Bosch | 37764.95 |
| UNO Minda | 1127.90 |
| CIE Automotive India | 485.95 |
| View more.. | |
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