Sona Okegawa Precision Forgings, a JV
between Sona Autocomp Holdings and Mitsubishi Materials, Japan has entered into
an agreement to buy ThyssenKrupp Präzisionsschmiede GmBH, a subsidiary of
ThyssenKrupp Technologies A.G.
This acquisition is expected to be
completed by end-January 2008 and after acquisition, the Sona Okegawa Group will
become the largest precision forgings group in the world. Thus Sona Okegawa
Precision Forgings Group will have in all six plants - two in India, three in
Germany and one in USA.