Amtek Auto has successfully closed the acquisition of the iron casting, aluminium casting, forging and machining business (the business) of Asahi Tec. The Business has been acquired through a wholly owned subsidiary of Amtek Auto based in Singapore.
The business has an annual revenue of $375 million and comprises three manufacturing facilities in Japan, two in Thailand and a strategic holding in a joint venture in China. Following the acquisition, the Amtek Group, including its subsidiaries and associates, will have a combined turnover of over $ 3.5 billion.
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.
