Multibaggers for future

India based Sintex Industries Ltd has acquired a German auto component supplier. It has acquired a 90% stake in Geiger Technik GmBH for US$50m (€35.6m) . The acquisition has been done through its wholly owned Netherlands-based subsidiary Sintex Holding BV. Remaining 10% will be held by the Geiger family. Geiger produces precision plastic parts including tanks and reservoirs, piping, air ducts, cooling and fuel tank components. The company has four manufacturing plants including three in Germany and one in Poland . Geiger has a clientele including BMW, Daimler, Volkswagen, Siemens etc and its sales in 2008 are expected to be around US$165.7m (€118m). With this acquisition, Sintex has expanded its manufacturing operations in Germany which is the largest automotive market in Europe. The acquisition will assist the company to further enhance its presence in the European market. Sintex has made a number of acquisitions in Europe, US and Africa in the last year. Indian auto component sp...

Private Equity (PE) firm ChrysCapital has acquired 7% stake in India’s leading auto ancillary company Amtek Auto . The investment is in the form of P-Note holding. ChrysCapital has mopped up over 9.3m shares through six bulk deals transacted at different prices on the Bombay Stock Exchange ( BSE ) and National Stock Exchange ( NSE ). Apart from ChrysCapital, Amtek Auto has many other foreign investors on the board including Warburg Pincus, Citigroup, Swiss Finance Corporation and Oppenheimer Funds . Amtek Auto is on a global investment drive, both organic and inorganic. The Gurgaon based company recently acquired UK-based gear company, Triplex Ketlon . Now, Amtek is leading the race for a controlling stake in German castings company KSM Castings for around EUR250m (around INR17bn). If the deal is successful, it will be one of the largest acquisitions by an Indian company in the automotive forging category. The proposed acquisition will consolidate its business in the mature western E...