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Amtek Auto to acquire two Europe and one South East Asia based company

25 Nov 2014 Evaluate

Amtek Auto has agreed to acquire two Europe based and one South East Asia based auto and non-auto component companies through its Singapore based wholly owned subsidiary. The acquiring companies have six world-class manufacturing facilities across Europe and South East Asia, which have a combined sale in excess of Rs 2000 crore to blue chip OEMs and tier one customer worldwide. The proposed acquisitions will further strengthen Amtek’s position as one of the largest integrated global forging, casting and machining business house.

Amtek Auto manufactures components such as connecting rod assemblies, flywheel ring gears and assembly, steering knuckles, suspension and steering srms, CV joints, crankshaft assemblies and torque links. It is backed by in-house design and development facilities engaged in developing new product and processes.

 

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