Bearings manufacturer NEI acquires European Kinex bearings

The acquisition includes two production plants of international bearings manufacturer headquartered in Slovakia (Bytca and Kysucke Nove Mesto).

Indian bearings manufacturer and exporter, National Engineering Industries (NEI), a part of the CK Birla Group, on Wednesday, announced the acquisition of international bearings producer Kinex bearings through its wholly-owned European subsidiary.

The acquisition includes two production plants of international bearings manufacturer headquartered in Slovakia (Bytca and Kysucke Nove Mesto). 

As per the release, the deal is in line with NEI’s strategy to augment its product portfolio, expand its geographic footprint as well as serve its existing customers better and acquire new customers.