The Hindu Business Line : Eicher to buy US firm for $2.5 m

EICHER Motors Ltd on Wednesday said that it has decided to invest $2.5 million for the acquisition of a US-based company engaged in computer-aided engineering and design services.

Investment banking firm Avendus Advisors is advising Eicher Motors Ltd for this transaction.

According to Mr S. Sandilya, Group Chairman and Chief Executive, Eicher Group, "The proposed acquisition of the US-based engineering and design services company will provide a strong platform for growth in the engineering services business that has tremendous potential and synergies with the commercial vehicle business."

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