JBM acquires major shareholding in Linde-Wiemann

JBM Group has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural components & assemblies to automotive OEMs worldwide. The Linde-Wiemann, headquartered in Dillenburg, Germany, specialises 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 company has a strong base of 17 manufacturing plants across 8 countries i.e. Germany, US, China, Spain, Turkey, Czech Republic, Hungary and South Africa with an employee strength over 2300 plus. 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. JBM will also have access to L+W’s strengths in domains such as electric vehicle components & systems and battery structure & systems.
Nishant Arya, ED, JBM Group, said, “This business activity will further consolidate our global footprint. Both entities together will bring forward a combination of frugal 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 minimising the time to market for OEMs, making it an integrated one-stop solution”. Nishant Arya takes over additional charges as chairman, Linde-Wiemann. The financing of the entire transaction has been done by ICICI Bank.