EuroGroup Laminations completed the acquisition of a 40% stake in Kumar Precision Stampings for €20m.

EuroGroup Laminations, a producer of stators and rotors, completed the acquisition of a 40% stake in Kumar Precision Stampings, a manufacturer of electrical stampings & laminations, for €20m. “This strategic partnership unites our deep-rooted Indian market presence and cost efficiency with EGLA’s world-class manufacturing prowess, technical know-how and global footprint. By combining our complementary strengths and shared values, we will further strengthen our competitive edge and growth in India, while accelerating our joint expansion abroad. We are thrilled to embark on this exciting new journey together,” Anil Kumar Gupta, Kumar Co-Founder and Managing Director.