Gurugram-based JBM Group has acquired a major shareholding in Germany based Linde-Wiemann, a leading manufacturer of complex structural components and assemblies to automotive OEM’s worldwide. With this acquisition, JBM Group will be benefitted in the form of new products, global customers, new German technologies and would increase the Group’s long-term competitiveness, the company said.
Linde-Wiemann is specialised 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 eight countries.
Nishant Arya, Executive Director, JBM Group said, “This business activity is a strategic fit perfectly in sync with our existing scope of operations and solutions and will also further consolidate our global footprint. Both entities together will bring forward an impeccable 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 minimizing the time to market for OEMs, making it an integrated one-stop solution”.
Ulrich Schoof, Chief Executive Officer, LINDE + WIEMANN, said: “JBM is a highly complementary partner for us with respect to customers and technologies as part of the global automotive market. The use of joint potentials is an essential motivation for the new partnership. Through the new business model, LINDE + WIEMANN will be able to unlock substantial growth by the adaption of product competencies in the area of chassis and suspension. Furthermore, LINDE + WIEMANN will extend its holistic system understanding in the field of e-mobility through the exchange with JBM’s electrical bus division.”