Amtek Auto has entered into an agreement to acquire substantial business interests of Germany based Neumayer Tekfor (NT) Group, through its 100% subsidiaries. The NT Group is engaged in the business of forging and integrated machining having 9 manufacturing units across Germany, Italy, USA, Mexico, and Brazil. The turnover of the acquired business is around Euro 500 million. The transaction closing is subject to fulfillment of certain conditions which are expected to be completed by end of May 2013.
Amtek Auto is engaged in manufacturing of various automotive machined and forged components such as case extensions, crankshaft assemblies, gear pinions, pivot arm, connecting rod assemblies etc.
