Precision Camshafts Ltd has announced its maiden acquisition with the taking over of precision component maker Nashik-based MEMCO Engineering Private Limited (MEMCO).

Precision Camshafts Ltd (PCL), a one-stop solution for Camshaft's Chilled Cast Iron, Ductile Iron, Hybrid and Assembled, has set a global benchmark in quality due to strong systems, technology &processes and has exported over 60 million camshafts without a single field failure since its inception. The Company has an enviable client roster including global Original Equipment Manufacturers (OEMs) such as Ford Motors, General Motors, Toyota, Maruti Suzuki, Hyundai, Daimler and Porsche.

Announcing the latest development, Yatin Shah, PCL's Chairman and Managing Director said: "We are happy to announce the acquisition of Nashik-based MEMCO. This synergy will help us further strengthen our industry leadership and diversify into a new product range." 

(Continued on next page)