Premium
This is an archive article published on March 11, 2013

Amtek Auto to pick up stake in Germany’s Neumayer Tekfor

The turnover of the acquired business is around Euro 500 million.

google-preferred-btn

Auto component maker Amtek Auto Ltd today said it will acquire substantial business interests of Germany’s Neumayer Tekfor (NT) Group.

Without disclosing any financial details,the company said: It entered into an agreement to acquire substantial business interests of Germany based Neumayer Tekfor Group,through its 100 per cent subsidiaries.

The transaction closing is subject to fulfillment of certain conditions which are expected to be completed by end of May 2013, Amtek Auto said in a filing to the BSE.

The NT Group is engaged in the business of forging and integrated machining and have nine manufacturing units across Germany,Italy,US,Mexico,and Brazil.

The turnover of the acquired business is around Euro 500 million, the filing added.

Shares of Amtek Auto were quoting at Rs 76.30 apiece during the afternoon trade,up 7.54 per cent from their previous close on the BSE.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
The Congress central leadership stepped in, saying it will intervene to broker peace between Karnataka Chief Minister Siddaramaiah and Deputy CM D K Shivakumar. (File Photo)
CitiesSiddaramaiah vs Shivakumar power tussle buzz intensifies after 'word power' posts
During the searches, police said they inspected digital devices, documents, and other material.
Police raid Srinagar mosques, madrassas in crackdown on ‘terror-linked networks’ after Red Fort blast
hema malini remembers dharmendra
Entertainment'Dharmendra was everything to me': Hema Malini shares first post after actor's death, says, 'my personal loss indescribable'
delhi crime netflix
EntertainmentBetween Delhi Crime and The Family Man, OTT comes of age; cinema has a new competitor: 25 Years of Indian Cinema
As air quality deteriorated across Delhi-NCR, former IPS officer and ex-Lieutenant Governor of Puducherry Kiran Bedi appealed to the Prime Minister’s Office (PMO) for “proactive” intervention
Trending‘Agonising, depressing’: Former IPS Kiran Bedi asks PMO to intervene to control Delhi-NCR’s surging AQI
Bengaluru auto driver returns passenger’s bag full of cash
TrendingBengaluru auto rickshaw driver returns passenger’s lost bag full of cash; video goes viral
Gautam gambhir India vs South Africa
SportsIs Gautam Gambhir the sole reason for India’s Test debacle?
India vs South africa
SportsIndia’s spinners are good at containing roles, but wicket-taking ability is missing
The correct approach is not exclusion, but digital industrialisation driven by a strong national policy framework.(Illustration: C R Sasikumar)
OpinionIndia must choose digital sovereignty or submit to the new, subtle digital raj
Hong Kong Apartment Fire Explained: Fire sparks coming off from the burned building at the fire scene at Wang Fuk Court in Hong Kong on Thursday, Nov. 27. Bamboo scaffolding can be spotted. (AP Photo/Chan Long Hei)
ExplainedExplained: Amid deadly Hong Kong fire incident, the focus on bamboo scaffolding
Soha Ali Khan with her husband Kunal Kemmu
Lifestyle‘Women need more sleep than men’: Soha Ali Khan on communicating her sleep needs to her husband and daughter; how couples can balance different sleep rhythms
Vikram-I, developed by Skyroot Aerospace, is India’s new private orbital-class launch vehicle named after the notable space pioneer Vikram Sarabhai. This four-stage rocket aims to cater to the small satellite market with rapid and cost-effective launch capabilities. (Image: Skyroot)
TechnologyThe Infinity Campus: Here is everything you need to know about the 3D-printed orbital rocket Vikram-1
Advertisement
Must Read
SportsIs Gautam Gambhir the sole reason for India’s Test debacle?
Gautam gambhir India vs South Africa
SportsIndia’s spinners are good at containing roles, but wicket-taking ability is missing
India vs South africa
SportsWPL Auction 2026: Deepti Sharma headlines experience-heavy auction; several uncapped Indian players go unsold
WPL Auction
TechnologyThe Infinity Campus: Here is everything you need to know about the 3D-printed orbital rocket Vikram-1
Vikram-I, developed by Skyroot Aerospace, is India’s new private orbital-class launch vehicle named after the notable space pioneer Vikram Sarabhai. This four-stage rocket aims to cater to the small satellite market with rapid and cost-effective launch capabilities. (Image: Skyroot)
TechnologyWhat is Antigravity, Google’s new agentic AI coding platform raising fresh security concerns?
Alongside its highly anticipated release of Gemini 3, Google on November 18, introduced its new AI-powered coding tool.
TechnologyOpenAI API customer details, including user IDs, exposed in Mixpanel data breach
OpenAI logo
Lifestyle‘Women need more sleep than men’: Soha Ali Khan on communicating her sleep needs to her husband and daughter; how couples can balance different sleep rhythms
Soha Ali Khan with her husband Kunal Kemmu
Advertisement
Buzzing Now
Trending‘Agonising, depressing’: Former IPS Kiran Bedi asks PMO to intervene to control Delhi-NCR’s surging AQI
As air quality deteriorated across Delhi-NCR, former IPS officer and ex-Lieutenant Governor of Puducherry Kiran Bedi appealed to the Prime Minister’s Office (PMO) for “proactive” intervention
TrendingBengaluru auto rickshaw driver returns passenger’s lost bag full of cash; video goes viral
Bengaluru auto driver returns passenger’s bag full of cash
Trending'Indians have a lifestyle better than in Europe’: Polish woman busts 5 myths about India in viral video
Polish woman busts 5 myths about India
TrendingPrayagraj bride leads her own ‘ladki ki baraat’, viral dance video wins hearts online
Prayagraj bride's baraat
Trending‘This is the state of our country’: guests loot snack boxes, fight over chip packets at UP mass wedding
The mass wedding was held on November 25 for 383 couples at a sports ground
Nov 27: Latest News
Advertisement