<div>Fontana Gruppo, Italy and Bagla Group have signed definitive agreements to enter into a strategic partnership for the Fasteners Business in India. </div><div> </div><div>Bagla Group, led by Rishi Kumar Bagla, is a leading automotive component supplier based in Western and Northern India and has interests in aluminum die casting, automotive fasteners, automotive electricals, refrigeration products. The group has several domestic automotive OEMs as customers including Bajaj, Fiat, Volkswagen, Maruti etc. as well as international OEM and Tier 1 customers including Chrysler, Rotax, GPM, Magna, OMR etc. </div><div> </div><div>Fontana Gruppo of Italy is the global technology leader in Fasteners Business, having revenues of about 1 billion USD, over 4,200 employees and 20 production plants based in Europe, in the United States, in Mexico, in Brasil and now in India as well as a sales organization in all continents. Its key customers are most of the world leading OEMs including FCA, Volkswagen Group, Ford, General Motors, Caterpillar, RNPO, PSA, Daimler, BMW, Tata, CNH, Cummins, Bajaj and the most important Tiers 1 and General Industries. Fontana Gruppo has substantially scaled up its international operations through the acquisition of Acument Global Technologies in 2014, the largest fasteners company in the USA, with plants in the USA, Mexico and South America, and is now focused on expanding in key Emerging Markets of the world.</div><div> </div><div>Speaking on the occasion, Giuseppe Fontana, Vice Chairman of Fontana Gruppo, said, “The strategic partnership with Bagla Group in India is a key milestone in our strategy to increase our footprint in Emerging Markets. India is the most promising economy in the world at this stage and we are committed to serve our global customers having a presence in India. Additionally, the Fontana Gruppo proposes to use the local manufacturing capabilities and engineering expertise in India to serve its customers in various countries.”</div><div> </div><div>Rishi Kumar Bagla remarked that, “The partnership with Fontana Gruppo would enable the fasteners business of Bagla Group to acquire necessary technological expertise, size and scale, to become the largest fasteners manufacturer in India. We are excited to partner with the most reputed fasteners company in the world and bring joint expertise of global technology and Indian manufacturing to automotive and industrial customers. This partnership is in line with the ‘Make in India’ initiative being aggressively promoted by the Indian government and will endeavor to become a preferred supplier of high quality fasteners to customers across the globe.”</div><div> </div><div>BMR Advisors, together with its Italian network firm, Translink Corporate Finance acted as financial and structuring advisors to the Bagla Group, while BMR Legal was the Legal advisor to the Bagla group. </div><div> </div><div>CFO SIM and Yarpa acted as financial advisors to Fontana Gruppo. Studio Santa Maria and Dua Associates were the Legal advisors to Fontana Gruppo.</div><div> </div><div> </div>
