JBM Group acquired German vehicle parts manufacturer Linde-Wiemann.

JBM Group, the $1.5bn conglomerate with business interest in auto systems and assemblies, acquired German vehicle parts manufacturer Linde-Wiemann, a leading manufacturer of complex structural components & assemblies to automotive OEM's worldwide. Financial terms were not disclosed. Speaking on the acquisiton, Mr. 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 globalfootprint. Both entities together will bring forward an impeccable combination offrugal engineering & world class technology. We are looking forward to leveraging L+W's experience in Europe coupled with our expertise in the auto component domain. 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".