**Summary:**
The Competition Commission of India (CCI) has approved the acquisition of 100% of the shareholding of Dowlais Group plc by American Axle Manufacturing Holdings, Inc. (AAM). AAM, listed on the New York Stock Exchange, is the ultimate parent entity (UPE) of the AAM group, which designs, engineers, and manufactures drive transmission components and metal forming technologies. Dowlais Group plc, listed on the London Stock Exchange, is the UPE of the Dowlais group, which develops driveline products, produces sintered metal products, manufactures atomized metal powders, and utilizes additive manufacturing processes. Both groups are engaged in the supply of drive transmission components and metal automotive components in India. The proposed combination involves AAM acquiring all issued and to-be-issued ordinary share capital of Dowlais Group plc, thereby gaining sole control.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the acquisition.
CCI: Abbreviation for Competition Commission of India.
Dowlais Group plc: The target company being acquired. Listed on the London Stock Exchange.
American Axle Manufacturing Holdings, Inc.: The acquiring company. Listed on the New York Stock Exchange and the ultimate parent entity of the AAM group.
27 MAY 2025: Date of the announcement by PIB Delhi.
PIB Delhi: Press Information Bureau, Delhi - the source of the information.
Proposed Combination: The proposed acquisition of Dowlais Group plc by American Axle Manufacturing Holdings, Inc.
Acquirer: American Axle Manufacturing Holdings, Inc., the company undertaking the acquisition.
New York Stock Exchange: Stock exchange where American Axle Manufacturing Holdings, Inc. is listed.
UPE: Ultimate Parent Entity.
AAM group: The group of companies under American Axle Manufacturing Holdings, Inc., engaged in the design, engineering, and manufacture of drive transmission components and metal forming technologies.
Target: Dowlais Group plc, the company being acquired.
London Stock Exchange: Stock exchange where Dowlais Group plc is listed.
Dowlais group: The group of companies under Dowlais Group plc, engaged in the development of driveline products, production of sintered metal products, manufacture of atomised metal powders and products manufactured using additive manufacturing processes.
NBAD Release ID: 2131760: Reference or tracking number for the news release.
Competition Commission of India
CCI approves the proposed acquisition of 100%
shareholding of Dowlais Group plc by American Axle
& Manufacturing Holdings, Inc.
Posted On: 27 MAY 2025 7:56PM by PIB Delhi
The Competition Commission of India has approved the proposed acquisition of 100% shareholding of
Dowlais Group plc by American Axle & Manufacturing Holdings, Inc.
The proposed combination entails the acquisition of the entire (100%) issued and to be issued ordinary share
capital of, and thereof sole control, of Dowlais Group plc (Proposed Combination).
American Axle & Manufacturing Holdings, Inc. (Acquirer), is a company listed on the New York Stock
Exchange and is the ultimate parent entity (UPE) of the AAM group. Globally, the AAM group is engaged in
the design, engineering, and manufacture of drive transmission components and metal forming technologies to
support electric, hybrid and internal combustion vehicles. In India, the AAM group is engaged in the supply of
drive transmission components and metal automotive components.
Dowlais Group plc (Target) is a company listed on the London Stock Exchange and is the UPE of the
Dowlais group. Globally, the Dowlais group is engaged in the development of driveline products, production
of sintered metal products for the automotive and industrial sectors, manufacture of atomised metal powders
and products manufactured using additive manufacturing processes. In India, the Dowlais group is engaged in
the supply of drive transmission components and metal automotive components.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2131760)