Bharat Forge, the world’s second largest forging company, has acquired CDP Aluminiumtechnik GmbH & Co KG in an all-cash deal.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The acquired company is located at Brand-Erbisdorf near Dresden, Germany and is a significant maker of aluminium forged components for passenger cars and other automotive applications. Through this acquisition, Bharat Forge will be able to tap CDP Aluminiumtechnik’s customer base – including BMW, Ford, Audi, and Volkswagen.
This acquisition also gives Bharat Forge another European centre. The company last year took over Carl Dan Peddinghaus GmbH & Co., one of Germany’s oldest forging companies, since renamed CDP Bharat Forge GmbH.
Bharat Forge paid INR370 million (€6.3 million) for the acquisition funded by equity of €3.8 million and non-recourse debt of €2.5 million. CDP AT is a profitable company with an annual turnover of €35 million and 130 employees.
Bharat Forge is aiming at a global manufacturing footprint in the future. While the company now has a modest presence in Europe, it is looking at acquisitions in US and China to build upon its presence in these markets.
Deepesh Rathore / Tilak Swarup
