Minda Industries Ltd Enters Into Share Purchase Agreement With PMAn Domestic AG, Germany

Minda Industries Ltd announced that the Company has entered into a Share Purchase Agreement with PMAn Domestic AG, Germany, a company affiliated to Quantum Kapital AG, Switzerland, to acquire 100% shares of Clarton Horn, S.A.U.)., Spain. The company, Clarton Horn is a manufacturer of automotive electronic horns supplying to all OEMs in Europe. The transaction value is at EUR7.2 million approximately, which will be financed through debt and internal accruals. The transaction is targeted to be completed by the end of February 2013.