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Autoline to pick 51 per cent of
Stokota pie
BY A CORRESPONDENT
February 28, 2007: Autoline
Industries Ltd is to pick 51 per cent
stake in Stokota NV’s global
operations. The deal is said to be
worth Rs 66.8 crore in cash and
equity. A Memorandum of Understanding
was inked to execute a merger of the
two companies to take the stake pick
forward.
Autoline Industries, a Design
Engineering Manufacturing solutions
provider firm, which focuses on sheet
metal assemblies and formed tubular
products, with integrated engineering,
tool design and manufacturing
facilities, has its headquarters in
Pune. Meanwhile, Stokota has
operations in Belgium, France, Poland,
China, and India. According to
sources, Stokota has partnerships in
over 16 European Union and Eastern
European countries. It is a leader in
providing complete road transportation
solutions, said the report. Stokotas
road transportation solutions cater to
building and construction, fuel and
energy, waste and cleaning,
agriculture and food and on site
logistics industry sectors.
Stokota is engaged in the manufacture
of Special Purpose Vehicles like
tippers, tipper trailers, flatbed and
skeleton trailers, cement bulkers,
fuel tankers, LPG tankers, bitumen
tankers, chemical tankers, vacuum
tanks, high pressure jetting units,
road and urban sweepers and garbage
handling systems, the report added.
The investment by Autoline is also
aimed at making possible the merger of
Stokota MV, Stokota China and Stokota
India in a bid to form a conglomerate
that will be a global leader in its
field. The merger will in turn help in
the integrated Autoline - Stokota
design operations as the group's
global hub for Engineering Design and
development. The integrated India
operations will service the European,
Middle-fast, African and central Asian
markets.
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