KW automotive Group completed the acquisition of the damping technology business of AL-KO Vehicle Technology Group.

KW automotive Group, a car tuning company, completed the acquisition of the damping technology business of AL-KO Vehicle Technology Group, a manufacturer of automotive parts. Financial terms were not disclosed. "The business relationship between AL-KO Damping Technology and KW automotive has already existed for a number of years. This transaction offers the opportunity for a technological leap forward, from which our AL-KO product segments will also benefit. KW automotive Group will serve as a home where all employees feel welcomed and are valued as part of the KW automotive Team. We planAL-KO Vehicle Technology President and CEO.