John Cockerill India has executed a Share Purchase Agreement (SPA) to acquire 100% shareholding of John Cockerill Metals International SA, Belgium, from John Cockerill SA, the Parent Company subject to approval of the members of the Company and other terms and conditions as set out in the SPA.
The purpose of acquiring the shares by the Company from the Parent Company is to consolidate and enhance the strategic operations of Metal Business of John Cockerill Group within the Company, which is expected to reinforce the John Cockerill Group’s metals portfolio, create operational synergies, and unlock substantial growth opportunities.
John Cockerill India principal activities comprise of customised design, engineering, manufacturing and installation of components of Cold Rolling Mill Complexes, Galvanising Lines, Colour Coating Lines, Tension Levelling Lines, Skin Pass Mills, Acid Regeneration Plants, Wet Flux Lines and Pickling Lines for ferrous and non-ferrous industries worldwide.
