The RSB Transmissions,an engineering and technology organisation with 10 manufacturing plants spread over seven locations in India and the USA,has acquired,through its Netherlands based European SPV,RSB Europe BV,70 per cent stake in the Belgium based construction equipment aggregate manufacturer MSI (Mechanical Supplies International).
In Pune,the RSB Transmissions has an office on Nagar Road in Wagholi. RSB designs and manufactures aggregates are used by automotive,construction and farm equipment sectors. The Belgian company,MSI NV,situated in the city of Tessenderlo,presently manufactures heavy fabrication aggregates for excavators,off-highway machines and windmills that are similar to the products of RSB manufactured in its Jamshedpur,Dharwad and Chennai plants. Both MSI and RSB have identical technology,process and machines,stated a press release.
The acquisition of majority stake in MSI provides immense synergy benefits to both RSB and MSI. RSB,which exports substantial heavy fabrications to Europe,can now have a front-end presence in Europe to consolidate and grow its exports.
Heavy fabrications,which were earlier logistically impossible to ferry from India to Europe,can now be offered by RSB-MSI combine. The sub-assemblies will be manufactured in India and the final assembly and finishing work can be done at MSI, stated an RSB release.