Bharat Forge Limited is pleased to announce that it’s German Subsidiary; CDP Bharat Forge GmbH, has acquired 100% equity shares of Mécanique Générale Langroise (MGL).

MGL based in Saint Goesmes, France is a strong technology oriented company f ocused on precision machining and other high value added processes like cladding for critical application in the Oil & Gas industry . MGL supplies turnkey components for drilling application like Blow out Preventers (BoP), Surface & sub - sea well heads in addition to components for power sector.

MGL primarily caters to premium global Oil & Gas customers , all of whom are already customers of BFL. The transaction value is EUR 11.8 million.

This acquisition is largely focused on further consolidating BFL position in the Oil & Gas space by enhancing service offering s and geographical reach . This also brings BFL closer to its customers and increase s the value add ition provided to them. This is 1 st among many opportunities we are looking at addressing in North America, North Sea area & Middle East.

Commenting on the acquisition, Mr. Baba N Kalyani, Chairman and Managing Director of Bharat Forge Ltd., said “ The acquisition of MGL is in line with our strategy of moving up the value chain in the industrial business . This acquisition enhanc e s BFL’s ability to provide turnkey solution and simultaneously strengthens the product offering in the Oil & Gas sector ”