Acquisitions9 Jan 2026, 05:21 pm
ZF Steering Gear India Subsidiary Acquires Factory Premises for Electrical Division
AI Summary
DriveSys Systems Private Limited, a wholly owned subsidiary of ZF Steering Gear India Ltd., has entered into two separate agreements with M/s. Om Tejshree Enterprises and M/s. Microtech Industries for acquiring two adjacent factory premises in MIDC, Ahilyanagar Industrial Area, Nagapur, Taluka - Nagar, District — Ahilyanagar - 414111, Maharashtra. The acquisition is aimed at setting up manufacturing facilities for the subsidiary's proposed Electrical Division.
Key Highlights
- DriveSys Systems Private Limited, a wholly owned subsidiary of ZF Steering Gear India Ltd., has agreed to acquire two factory premises from M/s. Om Tejshree Enterprises and M/s. Microtech Industries.
- The acquisition is aimed at setting up manufacturing facilities for the subsidiary's proposed Electrical Division.
- The factory premises are located in MIDC, Ahilyanagar Industrial Area, Nagapur, Taluka - Nagar, District — Ahilyanagar - 414111, Maharashtra.
- The tenure of the acquisition is 15 years.
- The acquisition aligns with the subsidiary company's future growth objectives in the new line of business — Electric Equipments’ Components.