MAHINDRA ACQUIRE JECO HOLDING DEAL VALUED AT ENTERPRISE VALUE OF EURO 140 MILLION (Rs.830 CRS)

Mumbai: Mahindra & Mahindra Ltd. through its subsidiary has agreed to acquire 67.9% stake in Jeco Holding AG, one of the top five forging companies in Germany. The transaction is subject to receipt of necessary approvals. It is the largest outbound* acquisition in the auto component arena, and is valued at an enterprise value of approximately 140 million euros.