M&A Deal Summary

Bharat Forge Acquires AAMIMCPL

On October 17, 2024, Bharat Forge acquired automotive company AAMIMCPL from American Axle & Manufacturing for 65M USD

Acquisition Highlights
  • This is Bharat Forge’s 1st transaction in the Automotive sector.
  • This is Bharat Forge’s largest (disclosed) transaction.
  • This is Bharat Forge’s 1st transaction in India.

M&A Deal Summary
Date 2024-10-17
Target AAMIMCPL
Sector Automotive
Buyer(s) Bharat Forge
Sellers(s) American Axle & Manufacturing
Deal Type Divestiture
Deal Value 65M USD

Target

AAMIMCPL

Ahmednagar, India
AAMIMCPL manufactures axles for light, medium, and heavy-duty commercial trucks and passenger buses. AAMIMCPL is based in Ahmednagar, India.

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Buyer(S) 1

Buyer

Bharat Forge

Pune, India
Category Company
Founded 1961
Sector Metals/Mining
Employees3,778
Revenue 156.8B INR (2024)
DESCRIPTION

Bharat Forge is a provider of metal forming having transcontinental presence across nine manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining , rail, marine and aerospace. Bharat Forge was founded in 1961 and is based in Pune, India.

DEAL STATS #
Overall 3 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Walker Forge

Milwaukee, Wisconsin, United States

Walker Forge, Inc. is a supplier of complex, steel and highalloy steel, engine & chassis components to a diverse group of customers across automotive & industrial sectors.

Buy $14M

Seller(S) 1

SELLER

American Axle & Manufacturing

Detroit, Michigan, United States
Category Company
Founded 1994
Sector Automotive
Employees19,000
Revenue 6.1B USD (2023)
DESCRIPTION
Entrance to American Axle & Manufacturing's corporate headquarters in Detroit, Michigan.
Entrance to American Axle & Manufacturing's corporate headquarters in Detroit, Michigan.

American Axle & Manufacturing is a manufacturer of automobile driveline and drivetrain components and systems for commercial vehicle and industrial markets. American Axle & Manufacturing Holdings was incorporated in 1994 and is based in Detroit, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Divestiture) 2 of 2
Country (India) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Tekfor

Hausach, Germany

Tekfor engages in the development and production of pioneering solutions for transmissions, engines, drivelines, special applications, and safety fasteners. Tekfor Holding GmbH has nine manufacturing facilities across Germany, the US, Brazil, Mexico, and Italy. Tekfor is based in Hausach, Germany.

Buy €125M
Mergr

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