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Mumbai, Dec 22 (UNI) Utility vehicle major Mahindra&Mahindra (M&M) has acquired 90.47 per cent equity stake in Schoneweiss&Co.

GmbH, a leading Company in the forgings sector in Germany, for an undisclosed sum.

Announcing this in a notice to BSE, the company said the acquisition has been made through its subsidiary. The German forgings company Schoneweiss is one of the top five axle beam manufacturers in the world and it specializes in suspension, power train and engine parts, the company said.

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