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November 10, 2005

INDIA: Sundram Fasteners to acquire German firm

Components maker Sundram Fasteners plans to acquire German automotive parts maker Peiner Unformtechnik.

Components maker Sundram Fasteners plans to acquire German automotive parts maker Peiner Unformtechnik.

Sundram proposes to enter an agreement with Peiner’s parent, Textron Deutschland Beteilingungs GmbH of Bonn to buy its entire share holding in Peiner, Sundram said in a statement cited by Reuters – financial terms were not disclosed.

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