Auto component maker Amtek Auto today said it will acquire Germany-based Rege Holding GmbH for an undisclosed amount.
The company's Singapore-based subsidiary Amtek Engineering Solutions Pte has signed a contract to acquire the German firm, Amtek Auto said in a filing to the BSE.
"Rege through its subsidiaries will provide machining and assembly of components for both auto and non auto segments," it added.
Rege company has two plants in Germany and one in Romania and it manufactures various components including connecting rods, cylinder heads and gear housings.
"The transaction will provide an enhanced machining platform to integrate with the Amtek Group's global forgings and castings business," Amtek Auto said.
The acquisition is expected to close by August 2015, it added.
