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M&M to acquire Italian design house (The Hindu Business Line 8th Jan 2008)Car maker Mahindra and Mahindra on Tuesday said it plans to acquire Italian auto design firm G R Grafica Ricerca Design Srl (GRD) for an undisclosed amount.
Through this acquisition, the company intends to develop a global design centre for the group and cater to the global auto original equipment manufacturers, M&M said in a statement to the Bombay Stock Exchange.
"The synergies resulting from this acquisition will not only help us strengthen our existing design capabilities but will also help us emerge as a global auto design powerhouse," said M&M Automotive Sector President, Mr Pawan Goenka. More
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