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Amtek India to acquire business interests of Germany based Kuepper Group

26 Dec 2013 Evaluate

Amtek India has entered into an agreement to acquire substantial business interests of Germany based Kuepper Group, through its 100% subsidiaries. The Kuepper Group is engaged in the business of iron and aluminium casting and integrated machining having 5 manufacturing units across Germany and Hungary. The transaction closing is subject to fulfillment of certain conditions.

Amtek India, India’s largest iron casting company, is a majority owned subsidiary of Amtek Auto, the flagship company of the Amtek Group.

Peers
Company Name CMP
SamvardhanaMotherson 158.00
Tube Investments 2166.50
Bosch 45042.70
UNO Minda 1087.50
Bombay Burmah Trdg. 1229.50
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