The second richest Czech Republic sold part of the engineering company Bonatrans to Indians

The domestic engineering group Bonatrans Group, which is controlled by Jitka Cechlová Komárková and her current husband Aleš Cechel, has sold its Indian subsidiary Bonatrans India. The buyer is the rolling stock manufacturer Jupiter Wagons, whose shares are traded on the Indian stock exchange.

The Indian company Jupiter Wagons bought 94.25 percent of the shares of Bonatrans India for 2.71 billion rupees, i.e. 760 million crowns. The company stated this in its regulatory announcements. Bonatrans shareholder Jitka Cechlová Komárková did not respond to questions from SZ Byznys.

With this acquisition, Jupiter Wagons became the first Indian rolling stock manufacturer to have its own wheel manufacturing plant.

“This strategic move not only strengthens our position as an innovative leader in integrated mobility solutions, but also moves us towards becoming a comprehensive rolling stock manufacturer,” said Jupiter Wagons CEO Vivek Lohia. According to him, the acquisition of the Czech manufacturer will help the company not only to expand in the Indian market, but also abroad.

Located in Aurangabad, Maharashtra, Bonatrans India has a production capacity of 20,000 wheels and 10,000 axles per year. It supplies the largest customers in India, for example Alstom Rail Transportation India, Plasser India or Titagarh Rail Systems. Bonatrans Group will remain a minority shareholder, which will ensure continuity and synergy within the newly integrated structure.

Jupiter Wagons Limited is an Indian privately held manufacturer of railway freight wagons, passenger wagons, wagon components, manganese steel castings and castings based in Kolkata, West Bengal. It currently cooperates with companies such as Slovak Tatravagonka or Dako-CZ, or Spanish Telleres Alegria SA (Spain) and supplies for example Tata Motors, GE, Volvo Eicher Motors, Bharat Benz and Avia Motors.

Bonatrans Group is one of the largest and most modern companies in the Czech Republic, which annually earns hundreds of millions of crowns.