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Business News/ Companies / Amtek Auto to acquire Germany’s Rege Holding
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Amtek Auto to acquire Germany’s Rege Holding

Amtek's Singapore-based subsidiary Amtek Engineering Solutions has signed a contract to acquire the German firm

Amtek says the acquisition is expected to close by August 2015.Premium
Amtek says the acquisition is expected to close by August 2015.

New Delhi: Auto component maker Amtek Auto Ltd said on Saturday that 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 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. PTI

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Published: 23 May 2015, 07:10 PM IST
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