Banco Products (I) Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - Subsidiary Updates'.
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Banco Products (India) Limited's wholly-owned Dutch subsidiary, Nederlandse Radiateuren Fabriek B.V. (NRF), has entered into an asset deal with Germany's Alanko GmbH to acquire its turbocharger business. The deal, valued at Euro 2.08 Million (approximately ₹19 crore), gives NRF the Alanko brand name, product data, and existing stock. NRF will also retain Alanko's current management team to preserve technical know-how. The acquisition is part of NRF's strategy to expand its product portfolio in the automotive aftermarket, building on its existing strength in engine cooling and air conditioning parts (over 13,000 product references). This is an international transaction with no related party involvement.
This acquisition strengthens NRF's product lineup and market position in the European automotive aftermarket, potentially driving incremental revenue for the subsidiary and, by extension, Banco Products. However, the deal size is relatively small compared to typical corporate acquisitions, so immediate stock impact may be limited.