Sakthi Sugars buys Swedish auto parts maker

Newswire

MUMBAI, Feb 22 (Reuters) - Sakthi Sugars Ltd said on Friday its European unit has bought Swedish auto-parts maker, Arvika Gjuteri AB. Arvika has capacity to make 28,000 tonnes of castings for buses, trucks and off-road vehicles, it said in a statement without specifying the deal value. Sakthi Sugars has a auto parts unit called Sakthi Auto Components. (Reporting by Narayanan Somasundaram; Editing by Harish Nambiar)

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