JBM Group Acquires Majority Stake in Linde-Wiemann

By on July 29, 2019 in IN THE NEWS

The Indian company, JBM Group, has acquired 60-percent interest in Germany’s Linde-Wiemann GmbH KG, a manufacturer of complex structural components and assemblies supplying to global automakers. The acquisition will bring new products, global customers and new German technologies to the JBM Group that will not only help in expanding its global footprint, but will also add strategic value to its Indian operations.

Linde-Wiemann specializes in niche areas of auto systems, including using alternative materials such as aluminum to lightweight auto systems. The company has 17 manufacturing plants across eight countries—Germany, the U.S., China, Spain, Turkey, Czechia, Hungary and South Africa—with more than 2,300 employees.

The company has serviced clients such as BMW, Volkswagen, Audi, Skoda, Porsche, Daimler, Ford. JBM will have access to Linde-Wiemann strengths in domains such as electric-vehicle components and systems, and battery structure and systems.

Nishant Arya, executive director, JBM Group, said, “JBM and Linde-Wiemann will focus on developing new products that contribute towards improving the safety and performance of vehicles through lightweighting, thereby increasing the product quality and minimizing time to market.”

Ulrich Schoof, chief executive officer, Linde-Wiemann, said, “The use of joint potentials is an essential motivation for the new partnership. Linde-Wiemann will extend its holistic system understanding in the field of e-mobility through the exchange with JBM’s electrical bus division.”

ICICI Bank financed the entire transaction. JBM manufactures auto systems and safety-critical assemblies for almost all auto OEMs. It has an end-to-end product portfolio ranging from passenger vehicles, two-wheelers, three-wheelers to commercial vehicles, farm and construction equipment.