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Bharat Forge buys French co Mecanique Generale Langroise

Bharat Forge buys French co Mecanique Generale Langroise

Saint Goesmes based MGL is engaged in precision machining and other high value added processes like cladding for critical application in the oil and gas industry.

BT Online Bureau
  • New Delhi,
  • Updated Jan 2, 2015 2:39 PM IST
Bharat Forge buys French co Mecanique Generale Langroise

Bharat Forge on Friday said its wholly owned subsidiary Company, CDP Bharat Forge Holding GmBH, Germany has acquired 100 per cent equity shares of french firm Mecanique Generale Langroise (MGL).

Saint Goesmes-based MGL is engaged in precision machining and other high value added processes like cladding for critical application in the oil and gas industry.

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The value of the deal is estimated at Euro 11.8 milion.

The deal focuses on consolidating Bharat Forge's position in the oil and gas space by enhancing service offerings and geographical reach.

Published on: Jan 2, 2015 2:15 PM IST
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