Bharat Forge’s wholly-owned subsidiary -- Kalyani Strategic Systems (KSSL) has completed the acquisition of 25% of total share capital of Edgelab S.p.A. (Edgelab). KSSL has been allotted 769,000 Ordinary Shares of Edgelab at a price of euro 3.25 per share.
Edgelab is engaged in the business of design & development of products and solutions in the field of marine robotics platform. The company being in Defence sector with capability in Marine technology and products, is encouraged by Edgelab’s initiatives and technology in Marine robotics, and consequently the manufacturing opportunities/synergies it may create for the company by developing new products for various programs globally including for territory of India.
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.
