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Construction : Deals | October 2014 | Source : Construction Update

Suprajit Engineering acquiring speedo cable business of Pricol

Bangalore based automotive cable maker, Suprajit Engineering Ltd is acquiring the Speedo Cable Business from Coimbatore based Pricol Ltd for an undisclosed amount on slump sale basis. Bangalore based Suprajit said it is in the process of relocating the plant and machinery from Pricol to one of its facilities. The business has an annual sales of around Rs. 10 crore with major OEM's and after market customers. Established in the year 1972. Pricol ltd is manufacturer of speedometer cables, oil pumps, disc brakes, sensors, industrial gauges, vehicle security systems, etc. The business has an annual sales of around Rs. 10 crore with major OEM's and after market customers.
 
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