Auto components major Bharat Forge, based in Pune, and part of the Kalyani Group in India, will buy U.S.-based Walker Forge Tennessee LLC for $14 million. The proposed acquisition is aimed to increase the company’s product offering in its automotive segments as well its industrial sectors such as construction and mining, the company said.
The U.S. firm supplies complex, steel and high-alloy steel, engine and chassis components to customers across automotive and industrial sectors, and is expected to record revenues of $28 million this year, reports VC Circle.
