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PCL buys 76 pc stake in MFT of Germany

10/04/2018 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Precision Camshafts acquires MFT

Global auto ancillary major Precision Camshafts announced the acquisition of German precision machinist MFT Motoren und Fahrzeugtechnik GmbH (MFT) through its wholly owned Dutch subsidiary, PCL (International) Holding B.V. 
 
PCL manufactures camshafts, chilled cast iron, ductile iron, hybrid and assembled, for global OEMs such as Ford Motors, General Motors, Toyota, Maruti Suzuki, Hyundai, Daimler and Porsche. Mr Yatin Shah, Chairman and MD, PCL, said, “This acquisition is value accretive which will open up synergetic opportunities for us through new product offerings and will establish a 0global brand presence. MFT will not only complement our relationships with current OEMs in that region but will also help in enhancing our customer base.”
 
MFT enjoys long term relationships with marquee global customers like Volkswagen, Audi, Opel, Westfalia, Hatz, Suzuki, etc. Its key products include balancer shafts, camshafts, bearing caps, engine brackets and several non-engine prismatic components.
 

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