Amtek Auto has signed a contract to acquire German based REGE Holding GmbH (REGE) through its 100% Singapore based subsidiary Amtek Engineering Solutions. The transaction will provide an enhanced machining platform to integrate with the Amtek Group's global forgings and castings business. The acquisition is expected to close by August 2015.
REGE, through its subsidiaries, will provide machining and assembly of components for both auto and non-auto segments. Its operations are conducted from three state-of-the-art plants, two in Germany and one in Romania. The key products include manufacturing of connecting rods, crankcases, cylinder heads, gear housings and valve body components. The company generates majority of its revenue acting as a tier-1 and single source supplier to leading automotive companies globally.
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.
