UPDATE 1-India's Sintex buys German auto component maker

Newswire

(Adds details, quotes) MUMBAI, July 31 (Reuters) - Indian plastic products maker Sintex Industries Ltd said on Thursday its unit has acquired 90 percent in German auto component maker Geiger technik GMbH, at an enterprise value of 35.6 million euros. "This acquisition offers Sintex market entry in Germany, which is the capital of the European automotive market," Managing Director Amit Patel said in a statement. "We now have presence in both France and Germany, which are very crucial OEM ...

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