Amtek Auto (AAL) has entered into a Share Purchase Agreement (SPA) with Japan based Asahi Tec Corporation to acquire its various group companies which are engaged in the business of Iron Casting, Forging and Machining. The transaction will be completed through the overseas subsidiary of AAL. The acquired companies have various manufacturing facilities located in Japan, Thailand and China having long standing relationships with blue chip OEM.
The key products manufactured by Asahi Tec Corporation include Engine Blocks, Cylinder Heads, Front Axle Beams, Crankshafts, Turbocharger Housings and other engine & suspension related Iron, Castings and Forgings.
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.
| Company Name | CMP |
|---|---|
| AIA Engineering | 3958.20 |
| Alicon Castalloy | 684.70 |
| Nelcast | 141.10 |
| Steelcast | 295.55 |
| Synergy Green Inds. | 514.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: