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Amtek Auto Ltd's Subsidiary Announces Acquisition Of Neumayer Tekfor Group (NT Group) Of Germany

Sunday, 10 Mar 2013 10:50pm EDT 

Amtek Auto Ltd announced that it 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 nine manufacturing units across Germany, Italy, U.S.A., Mexico, and Brazil. The turnover of the acquired business is around EUR500 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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