John Cockerill India to acquire 100% stake in John Cockerill Metals International SA [Capital Goods]
AI Summary1 min read
TL;DR
John Cockerill India is set to acquire full ownership of John Cockerill Metals International SA, formerly Flat Products Equipments India, which was founded in 1986 and acquired by Belgian group CMI in 2008, with ongoing integration efforts.
Tags
Engineering - Industrial EquipmentsCapital Goods
CMI FPE, formerly Flat Products Equipments India (the Company) was incorporated on May 28, 1986 as a private company. On October 26, 1993 the company was converted into a public company. FPE was promoted by Late T R Mehta, a gold medalist in Metallurgy and a leading technocrat, both in India and overseas. Late Dr. Mehta had been internationally recognized for his significant contributions to the Steel Industry and India's Export initiatives by Indian as well as International Trade related bodies/Associations. The Belgian Group CMI (Cockerill Maintenance & Ingénierie) completed the acquisition of Flat Products Equipments (India) Limited on June 25, 2008. Flat Products has now been renamed CMI FPE Limited. Post acquisition, a dedicated integration team is addressing the task of sharing best practices between the two companies. An associated objective is to make the ways in which the companies are organised compatible.