NBI Bearings Europe, S.A. cancelled the acquisition of 51% stake in Fkl India Private Limited.
February 20, 2021
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NBI Bearings Europe, S.A. (BME:NBI) agreed to acquire 51% stake in Fkl India Private Limited on February 4, 2020.
NBI Bearings Europe, S.A. (BME:NBI) cancelled the acquisition of 51% stake in Fkl India Private Limited on February 21, 2021. CDI Global Iberia acted as financial advisor to NBI Bearings Europe, S.A.
NBI Bearings Europe SA is a Spain-based company engaged in the bearings production. The Company focuses on the design, development and manufacture of ball and roller bearings for various applications, such as cranes and offshore machinery; gear boxes; industrial machinery; agricultural equipment; tubular stranders, as well as pulleys and shear blocks. The Company's products range includes single row ball bearings; cylindrical, tapered, spherical and needle roller bearings; support rollers; cam followers, as well as cylindrical and spherical roller thrust bearings. In addition, it provides advisory related to bearing selection and dimensions; technical assistance; as well as tailor-made design, among others. The Company is controlled by Pakel Rmi Promocion de Empresas SL.