NRB Bearings’ arm inks pact to acquire business of Mahant Tool Room

NRB Bearings’ wholly owned subsidiary -- Mahant Tool Room (MTRPL) has entered into a Business Transfer Agreement for acquiring the business of M/s Mahant Tool Room (MTR), a Bengaluru based sole proprietorship engaged in the manufacturing of precision machined components for the aerospace industry.

The company will acquire the business for an upfront cash consideration of Rs 27.5 crore. MTR specializes in the manufacture of sophisticated mission-critical engine and fuel systems and comes with an order book of over Rs 25 crore, providing NRB with immediate scalability and revenue visibility in the aerospace sector.

Through this acquisition, the company marks its strategic entry into the aerospace segment, further broad-basing its business model in line with its high growth and diversified strategy, expanding its customer base beyond automotive and moving closer towards the achievement of its declared aspirational growth plan of becoming a company that has a turnover of over Rs 2,500 crore within the next five years.

NRB Bearings (NRB) offers a wide range of high-precision friction solutions for all mobility applications. The company is leader in the production of needle bearings and cylindrical roller bearings. it also manufactures ball bearings, taper roller bearings and all types of thrust bearings.