India Endurance buys Italian, German auto parts cos

Newswire

MUMBAI, Feb 15 (Reuters) - India's Endurance Technologies Pvt. Ltd. said on Thursday it has acquired aluminium die casting firms Nuova Renopress in Italy and Amann Druckguss in Germany.

Endurance has also bought a stake in another components maker, Paioli Meccanica, with whom it has a technical collaboration, it said. The total value of these overseas investments was 46 million euros ($60 million).

The company has placed some of its equity with Standard Chartered Private ...

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