Global auto ancillary major Precision Camshafts Ltd. (BSE 539636; NSE PRECAM) has announced its second acquisition with the taking over of German precision machinist Motoren und Fahrzeugtechnik GmbH (MFT) through its wholly owned Duth subsidiary, PCL (International) Holding B.V.

Announcing the latest acquisition, Yatin Shah, PCL's Chairman and Managing Director, said: "I am glad to announce the acquisition of MFT, Germany. This acquisition is value accretive which will open up synergetic opportunities for us through new product offerings and will establish a global brand presence. MFT will not only complement our relationships with current OEMs in that region but will also help in enhancing our customer base. With MEMCO and MFT on board, we are gradually progressing towards attaining our goal of transforming the business profile, while the key focus area continues to be our legacy business. Further, we remain committed to execute our planned business initiatives and capitalize on larger growth opportunities at hand."

MFT enjoys long term relationships with marquee global customers like Volkswagen, Audi, Opel, Westfalia, Hatz, Suzuki, etc. MFT's key products include Balancer Shafts, Camshafts, Bearing Caps, Engine Brackets and several non-engine Prismatic components.

Located close to the Polish and Czech border, MFT manufacturers critical components in its state of the art and cost competitive manufacturing environment. The dynamic and young team led by Guido Glinski has in-depth knowledge of machining and are committed to growing the company.

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