Amtek Auto acquires Germany-based Scholz Edelstahl

Automobile parts maker Amtek Auto today announced the acquisition of Germany-based Scholz Edelstahl GmbH through its wholly-owned Singapore-based subsidiary Amtek Precision Engineering Pte Ltd.

The company did not disclose financial details of the proposed acquisition.

"The company has acquired German-based Scholz Edelstahl GmbH through its 100 per cent Singapore-based subsidiary Amtek Precision Engineering Pte. Ltd," Amtek Auto said in a BSE filing.

Scholz is hot die forgings manufacturer for auto and non-auto component industries.

In November 2014, Amtek Auto had acquired two Europe-based and one South East Asia-based auto as well as non-auto component makers through its Singapore-based wholly owned subsidiary.