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Amtek Auto updates on proposed acquisitions

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Capital Market

Through its Singapore based wholly owned subsidiary

Amtek Auto has agreed to acquire two Europe based and one South East Asia based auto and non-auto component companies through its Singapore based wholly owned subsidiary.

The acquiring companies have six world-class manufacturing facilities across Europe and South East Asia, which have a combined sale in excess of Rs. 2000 crore to blue chip OEM's and tier one customer worldwide.

The proposed acquisitions will further strengthen Amtek's position as one of the largest integrated global forging, casting and machining business house.

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First Published: Nov 24 2014 | 8:05 PM IST

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