JBM and L+W will together focus on developing new products that contribute towards improving the safety and performance of vehicles through light-weighting, thereby increasing the product quality and minimizing the time to market for OEMs, making it an integrated one-stop solution”. We are looking forward to leveraging L+W’s experience in Europe coupled with our expertise in the auto component domain. Both entities together will bring forward an impeccable combination of frugal engineering & world class technology. Speaking on the acquisition, Nishant Arya, Executive Director, JBM Group said, “This business activity is a strategic fit perfectly in sync with our existing scope of operations & solutions and will also further consolidate our global footprint. JBM will also have access to L+W’s strengths in domains such as Electric Vehicle components & systems and battery structure & systems. L+W brings in an experience of over 70 years serving global auto OEMs such as BMW, Volkswagen, Audi, Skoda, Porsche, Daimler, Ford, PSA, etc. Germany, US, China, Spain, Turkey, Czech Republic, Hungary and South Africa with an employee strength over 2300 plus.
The company has a strong base of 17 manufacturing plants across 8 countries i.e. Linde-Wiemann, headquartered in Dillenburg, Germany, specializes in proprietary technologies in areas such as hot forming, tubular assemblies and usage of alternate materials such as aluminium resulting in lighweighting in auto systems. The acquisition brings to the foray a plethora of synergies for JBM Group in the form of new products, global customers, new German technologies that will not only help in expanding the global footprint of the homegrown conglomerate but will also aid in adding strategic value to its Indian operations, thereby increasing the Group’s long-term competitiveness. JBM Group, the $1.5bn conglomerate with business interest in auto systems & assemblies has announced that it has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural components & assemblies to automotive OEM’s worldwide. JBM Auto’s Q2FY20 Net Profit increases by 10.51%.
JBM issues official statement on IT raids.JBM Auto’s net profit rises 0.26% in Q2 FY’18.
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