Bharat Forge Limited (BFL) on 2 January 2015 acquired France-based Company Mecanique Generale Langroise (MGL) for nearly 90 crore rupees.
The acquisition aimed to consolidate its position in the oil and gas space. Bharat Forge acquired MGL via its German arm CDP Bharat Forge GmbH.
The acquisition will enhance BFL's ability to provide turnkey solution and simultaneously strengthens the product offering in the oil and gas sector.
Saint Goesmes based MGL focuses on precision machining and other high value processes like cladding for critical application in the oil and gas industry. It also supplies turnkey components for drilling applications in addition to components for power sector.
About Bharat Forge
The company was founded by Nilkanthrao Kalyani in 1961.Bharat Forge Limited (BFL) is the Pune-based Indian multinational company. It is a technology driven global leader in metal forming and other several sectors including automotive, power, oil and gas, construction & mining, locomotive, marine and aerospace.
The current chairman of the company is Baba Kalyani.
When: 2 January 2015
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.