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Acquisition of Iron Casting, Forging and Machining business of Asahi Tec Corporation, Japan

| Updated on April 27, 2015 Published on April 27, 2015

Amtek Auto Ltd has informed BSE that Amtek Auto Limited (AAL) has entered into a Share Purchase Agreement with Japan based Asahi Tec Corporation to acquire its various group companies which are engaged in the business of Iron Casting, Forging and Machining. The transaction will be completed through the overseas subsidiary of AAL

The acquired companies has various manufacturing facilities located in Japan, Thailand and China having long standing relationships with blue chip OEM.

The key products manufactured by Asahi Tec Corporation include Engine Blocks, Cylinder Heads, Front Axle Beams, Crankshafts, Turbocharger Housings and other engine & suspension related Iron, Castings and Forgings.

Source : BSE - www.bseindia.com

Published on April 27, 2015
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