PCL acquires MFT Motoren und Fahrzeugtechnik GmbH, Germany through its wholly owned subsidiary PCL (International) Holding B V.

On March 23rd, 2018, Precision Camshafts Ltd. establishes niche manufacturing footprint in Germany by acquiring 76% shares in MFT Motoren und Fahrzeugtechnik GmbH (MFT), through its wholly owned Dutch subsidiary PCL (International) Holding B.V.

PCL is proud to announce its first foreign acquisition with the taking over of niche component manufacturer, MFT. The acquisition will help strengthen PCL's critical machining capabilities and diversify into a new product range.

MFT, based in Cunewalde, Germany, is a renowned tier 1 supplier of machined components to leading OEMs including Volkswagen, Audi, Opel, BMW, etc. The company posted a turnover of Rs. 160 crores in 2017 with potential to grow the business significantly in the years to come. MFT's key products include Balancer shafts, Camshafts, Bearing Caps, Engine Brackets and several non-engine Prismatic components.

PCL's global sales & technical network, know-how in manufacturing, automation, lean concepts and strong financial bandwidth will support MFT's growth.

PCL acquires MFT Motoren und Fahrzeugtechnik GmbH, Germany
PCL acquires MFT Motoren und Fahrzeugtechnik GmbH, Germany

D&B - ECGC SME Business Excellence Award 2017

On November 17th, 2017, Dun & Bradstreet in association with Export Credit Guarantee Corporation of India Ltd (ECGC) awarded Precision Camshafts Limited with the ‘D&B – ECGC SME Business Excellence Awards 2017’, recognizing its efforts and excellence in engineering and machinery work in the medium-scale businesses category.

D&B - ECGC SME Business Excellence Award 2017

PCL acquires MEMCO

On October 10th, 2017, As a part of its inorganic growth strategy, Precision Camshafts Limited is all set to develop into a diversified component manufacturer, with the acquisition of MEMCO Engineering Private Limited (MEMCO). With the introduction of niche automotive engine & non-engine components and instrumentation parts, PCL has unbolted several pathways on the way of future growth and success. MEMCO, a renowned precision machinist of critical components, has a capacity to produce 10.7 million of precision components, with its key products including fuel injection components for the conventional and CRDi diesel engines, brake components, high pressure diesel injector connectors for the naval ships and high precision instrumentation components. It is a financially strong company with a consistent CAGR of 18.5% for over last 4 years, having a turnover of Rs. 30 crore in FY17. PCL’s technical network, global sales & financial bandwidth will aid MEMCO to export its products and take up larger development programs.

PCL acquires MEMCO
PCL acquires MEMCO

CONTACT

PRECISION CAMSHAFTS LTD.

CIN : U24231PN1992PLC067126

Regd. Office - (UNIT-I) - E 102 / 103 M I D C, Akkalkot Road, Solapur 413006, Maharashtra, India.
(UNIT-II) - E 90 M I D C, Akkalkot Road, Solapur 413006, Maharashtra, India.
(EOU) - D5, D6, D7, D7 / 1 M I D C Chincholi, Dist. Solapur, 413255, Maharashtra, India.
Phone: + 91 217 3295433/ 34/ 35
Fax: + 91 217 2653398
Email: info@pclindia.in


 

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