Uno Minda, N K Minda Group, has acquired 100pc shares of Clarton Horn S.A.U., Spain from PMAn Domestic AG, an entity affiliated to Quantum Kapital on April 15, 2013.The estimated cost of the acquisition is Euro 7.5 million approx. It is to be mentioned that Clarton Horn has a manufacturing plant in La Carolina, Spain. It has a small setup in Morocco to cater to the African Market, with sales Offices in Brazil, France, Germany and Korea. It manufactures Trumpet Horns, Disc Horns and Electronic Horns. Clarton Horn is a leading manufacturer of automotive electronic horns, supplying to all major OEMs in Europe. This strategic acquisition has positioned UNO Minda amongst the top two horn manufacturers in the world. The transaction is financed through debt and internal accruals. All legal and statutory approvals have been obtained.
Gulf Oil Lubricants India Limited, one of India's leading lubricant companies, announced the launch of its new range of Gulf Syntrac, 100% fully synthetic premium motorcycle engine oil range, at the r...
Uno Minda, a leading player in the automotive aftermarket industry, has announced the launch of its EV range rear view mirror (RVM), tailored to deliver improved visibility, durability, and peace of m...
BMW Group India is accelerating its network expansion in the Delhi NCR region with the opening of Bird Automotive’s third showroom in Gurugram. Situated at Trilium Avenue, Sector 29, Gurugram Haryana,...