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Sandhar acquires Mag Engg.

15/09/2012 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Signing of MoU

SANDHAR Technologies Ltd, a diversified auto component manufacturing company with multiple product lines recently acquired Mag Engineering Pvt Ltd, a company specialising in sheet metal fabrication for industrial requirements in light and medium categories in Bengaluru. 

Mag Engineering founded in 1984, with three units in Bengaluru is an ISO 9001 & 14001 certified company. Its major customers are L&T Komatsu, Telcon, Caterpillar, Volvo Construction, Bharat Fritz Werner, Komatsu India, GE Healthcare and Faiveley Transport. It also exports to GE Medical and Caterpillar. 

Announcing the acquisition, Mr Jayant Davar, Founder, Vice Chairman & Managing Director of Sandhar group, stated that "Mag is a well established and recognised player in specialised fabrication business. This acquisition will help us further consolidate our sheet metal and fabrication businesses; driving us towards more niche products. It will give Sandhar an opportunity to offer new products to its existing and new customers." 

Founded in 1985, the Rs 1280 crore Sandhar Group is a fast growing auto component major having 21 manufacturing units including Sandhar Technologies Barcelona S.L, Spain, Sandhar Tooling Pvt Ltd and two joint ventures in Indo Tooling Pvt Ltd and Sandhar Caama Components Pvt Ltd, it has a technical tie-up with Hondo Lock Manufacturing Company Ltd Japan for lock kits and mirrors. 

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