Craftsman Automation Limited has announced its latest investments in its wholly-owned subsidiaries, Craftsman Germany GmbH (“German Holdco”) and Craftsman Fronberg Guss GmbH (“German Sub”), as part of its ongoing international expansion and acquisition strategy.
The company has invested EUR 13.5 million (INR 1.26 billion) in the German Holdco towards the subscription of equity shares. This infusion will primarily be used for the acquisition of 100% of Fronberg Guss Immobilien GmbH’s share capital, working capital, and future growth opportunities. Furthermore, the German Holdco has invested EUR 5.6 million in its subsidiary, Craftsman Fronberg Guss GmbH, to facilitate the purchase of strategic assets under an Asset Sale and Purchase Agreement (APA) signed earlier this year.
These transactions are part of a larger acquisition plan where the German subsidiaries are focused on acquiring strategic assets and expanding their operational capabilities in the automotive and industrial engineering sectors. The funds will be deployed to enhance business operations, including working capital requirements and driving future growth in Germany.
The investments are a strategic move by Craftsman Automation to strengthen its foothold in Europe and the industrial engineering sector. These German subsidiaries are expected to be key players in the company’s long-term expansion plan.
