FOSECOIND.NSE

Foseco India Ltd.

Foseco will acquire 42 lakh equity shares of MCIL at ₹1,557 per share, for a total consideration of ₹653.94 crore.

Highlights Morgan Advanced Materials (LSE:MGAM) announces disposal of Molten Metal Systems unit Transaction supports strategic focus on high-growth and innovation-driven markets Deal structure includes share exchange in India and a cash component with Vesuvius (LSE:VSVS) Morgan Advanced Materials (LSE:MGAM) has agreed to divest its Molten Metal Systems division, including its shareholding in an Indian-listed subsidiary, to Vesuvius (LSE:VSVS). The transaction simplifies the group’s structure and reflects a commitment to concentrate resources on faster-expanding industries with greater long-term opportunities. Transaction Structure and Consideration The disposal has been structured as a combination of a share exchange and a separate cash transaction. In India, Morgan will receive newly issued shares in Foseco India Ltd (NSE:FOSECOINDIA), resulting in a significant position within a larger and more liquid listed entity. The remaining operations outside India will transfer to Vesuvius through a cash-based acquisition, subject to standard completion adjustments.

Highlights Morgan Advanced Materials (LSE:MGAM) announces disposal of Molten Metal Systems unit Transaction supports strategic focus on high-growth and innovation-driven markets Deal structure includes share exchange in India and a cash component with Vesuvius (LSE:VSVS) Morgan Advanced Materials (LSE:MGAM) has agreed to divest its Molten Metal Systems division, including its shareholding in an Indian-listed subsidiary, to Vesuvius (LSE:VSVS). The transaction simplifies the group’s structure and reflects a commitment to concentrate resources on faster-expanding industries with greater long-term opportunities. Transaction Structure and Consideration The disposal has been structured as a combination of a share exchange and a separate cash transaction. In India, Morgan will receive newly issued shares in Foseco India Ltd (NSE:FOSECOINDIA), resulting in a significant position within a larger and more liquid listed entity. The remaining operations outside India will transfer to Vesuvius through a cash-based acquisition, subject to standard completion adjustments.

Highlights Vesuvius (LSE:VSVS) acquires Molten Metal Systems from Morgan Advanced Materials (LSE:MGAM) Expansion into non-ferrous markets and wider presence in India Acquisition structured to be earnings accretive with efficiency synergies Vesuvius (LSE:VSVS) has entered into an agreement to acquire the Molten Metal Systems business from Morgan Advanced Materials (LSE:MGAM). This acquisition expands the group’s Foundry division into the non-ferrous market while also strengthening its footprint in India, which has been identified as a core growth market. Strategic Rationale The acquisition aligns with long-term ambitions to grow within faster-expanding market segments. Molten Metal Systems is considered highly complementary to the existing Foundry operations and enhances the revenue contribution from non-ferrous activities. The deal is also expected to bring greater exposure to Indian industrial demand, supporting diversified geographic growth. About Molten Metal Systems Molten Metal Systems is a global supplier of advanced crucibles used mainly in non-ferrous processes.

Highlights Vesuvius (LSE:VSVS) acquires Molten Metal Systems from Morgan Advanced Materials (LSE:MGAM) Expansion into non-ferrous markets and wider presence in India Acquisition structured to be earnings accretive with efficiency synergies Vesuvius (LSE:VSVS) has entered into an agreement to acquire the Molten Metal Systems business from Morgan Advanced Materials (LSE:MGAM). This acquisition expands the group’s Foundry division into the non-ferrous market while also strengthening its footprint in India, which has been identified as a core growth market. Strategic Rationale The acquisition aligns with long-term ambitions to grow within faster-expanding market segments. Molten Metal Systems is considered highly complementary to the existing Foundry operations and enhances the revenue contribution from non-ferrous activities. The deal is also expected to bring greater exposure to Indian industrial demand, supporting diversified geographic growth. About Molten Metal Systems Molten Metal Systems is a global supplier of advanced crucibles used mainly in non-ferrous processes.