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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

Premium Transmission sells ........

Premium Transmission sells automotive gear business to Indsur Global

 

Premium Transmission, part of the Karan Thapar group, has divested its automotive gear manufacturing division for an undisclosed sum to Indsur Global Limited, a manufacturer of insulator castings. Indsur makes castings for the automobile sector at its Halol plant and this acquisition is expected to benefit these operations.

A statement released here quoted Praveen Sachdev, chairman,Premium Transmissions, as saying that the exit would facilitate the company's focus on its core industrial sector. Premium recently announced an acquisition of Stephan Rexnord Stephan GmbH & CoKG, a manufacturer of industrial gear boxes and geared motors.

Indsur's Ankur Lodha said, "The acquisition provides the Indsur Group access to key customers, a strong platform for expansion and is in line with our strategic vision to complete the value chain, with a strong presence in the growing automotive sector."

 
     
 
   
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