tiprankstipranks
Trending News
More News >

EuroGroup Laminations Expands in India with Strategic Acquisition

EuroGroup Laminations Expands in India with Strategic Acquisition

EuroGroup Laminations S.p.A (IT:EGLA) has released an update.

Confident Investing Starts Here:

EuroGroup Laminations S.p.A has completed the acquisition of a 40% stake in Kumar Precision Stampings Private Limited, a key player in India’s stators and rotors market, for 19.9 million euros. This strategic move is set to expand EuroGroup’s industrial footprint in the rapidly growing Indian market, particularly in electrification sectors. The investment underscores EuroGroup’s commitment to strengthening its presence in Asia.

For further insights into IT:EGLA stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App