Analyst Research

Report Title Price
Provider: New Constructs, LLC
Provider: Thomson Reuters Stock Report
Provider: MacroRisk Analytics/EconomicInvestor
Provider: S&P Capital IQ – STARS Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Commercial Vehicle Group Inc's CVG Seating (India) Private Limited Announces Acquisition of India Seating Business

Monday, 5 Nov 2012 09:41am EST 

Commercial Vehicle Group Inc announced that its company in India, CVG Seating (India) Private Limited (CVG India), has acquired substantially all of the seat assembly assets of Vijayjyot Seats Private Limited (Vijayjyot). The acquired business has three leased facilities in the Baska (State of Gujarat), Pune (State of Maharashtra) and Dharwad (State of Karnataka) regions of India and employs approximately 108 full time associates in addition to certain temporary workers at each of the three facilities. The acquired business supplies seats primarily for the passenger, school and coach bus markets in India and its top four customers include Tata Motors, Tata Marcopolo, Ashok Leyland and Volvo/Eicher. Total upfront cash consideration for the transaction was approximately $13.7 million, with an additional maximum earn-out potential of up to approximately $1.9 million based on EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) performance during the first two years of the acquisition. 

Company Quote

-0.26 -3.59%
11:29am EDT