Summary:
The acquisition will create additional expertise for ADVIK in Vacuum Pump and Water Pump space for the Passenger Car segment. Accelerate the company’s growth as a Pumps supplier to Global Passenger Car OEM’sADVIK Hi-Tech, a leading global automotive component manufacturer, today completed the acquisition of Hanon Bangalore Operations Pvt. This plant currently manufactures automotive water pumps and vacuum pumps for global vehicle manufacturers, with scope for expansion. About ADVIK Group of CompaniesADVIK Group of Companies, headquartered in Pune; is a leading global manufacturer of Automotive Components. With annual sales touching 100 million USD, the group offers an extensive portfolio of products like Oil Pump, Water Pump, Vacuum Pump, Cam Chain Tensioner, Solenoid Valves, EGR and Brake System..