Amtek Auto to acquire substantial business interests of Neumayer Tekfor Group

Through its 100% subsidiaries

Amtek Auto has entered into an agreement to acquire substantial business interests of Germany based Neumayer Tekfor 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.

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