India's Eicher Motors buys US' Hoff for $3.5 mln


MUMBAI, April 25 (Reuters) - Commercial vehicles maker Eicher Motors Ltd. said on Wednesday it had acquired U.S.-based Hoff and Associates and its two Chinese subsidiaries for $3.5 million. Hoff provides engineering solutions to aerospace, automotive, semiconductor, medical, marine and plastics industries, Eicher said in a statement. Hoff had consolidated revenue of $5.2 million in 2006, Eicher said. Eicher shares closed 9.7 percent higher at 274.25 rupees in a firm Mumbai market.

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