MFT not only complements the company’s current relationship with OEMs;

NEW DELHI: Automotive component maker Camshafts today said it has acquired 76% stake in Germany’s MFT Motoren und Fahrzeugtechnik GmbH (MFT) for an undisclosed amount.

Precision Camshafts acquired the company through its wholly owned subsidiary PCLL (International) Holding BV.

Yatin Shah, chairman and chairman of Precision Camshafts, said in a statement, “The acquisition will create added value for us through new products and unlock collaboration opportunities.” ,” he said. It will also help strengthen the company’s “Customer base,” he added.

MFT has established long-term relationships with global brands such as Volkswagen, Audi, Opel, Westfalia, Hatz and Suzuki. We manufacture balancer shafts, camshafts, bearing caps and engine mounts.

Precision camshafts on the other side for Ford, GM, Toyota, Maruti Suzuki, Hyundai, Daimler and Porsche.