JS Auto: Bharat Forge acquires Coimbatore-based JS Auto

Bharat Forge Limited, the Pune based Indian multinational, announced that it has entered into a definitive agreement to acquire JS Autocast Foundry India Private Limited ("JS Auto"). Established in 2004, JS Auto is a leading and a preferred supplier of critical machined Ductile Iron castings for the Wind, Hydraulic, Off-Highway and Automotive applications, the statement said. Amit Kalyani, Deputy Managing Director, Bharat Forge commented "We are delighted to welcome the JS Auto team to Bharat Forge family and will look to leverage their capabilities, highly talented technical team and strong customer connect to aggressively grow our presence in the industrial casting space. JS Auto will accelerate our diversification journey and enable in addressing the Decarbonization opportunity. Bharat Forge will acquire JS Auto for an upfront consideration (based on enterprise valuation adjustments) plus fixed deferred payment at the end of 3rd year.