Bharat Forge pays 11.8 m euros for France's Mecanique Generate

摘要

Bharat Forge Ltd (BE) has acquired Mecanique Generate Langroise, a French company, for 11.8 million euros (about Rs90 crore). The acquisition was made' through CDP Bharat Forge GmbH, its wholly-owned subsidiary. MGL is a technology-oriented company focused on precision machining and other high value-added processes such as cladding for critical application in the oil and gas industry. MGL supplies components for drilling applica-, rions, such as blow out preventers and surface/sub-sea wellheads, and the power sector, It primarily caters to premium global oil and gas customers, all of whom are already BFL's customers.