Announced
Financials
Tags
Friendly
Pending
Private Equity
Majority
Private
Cross Border
Germany
Single Bidder
Acquisition
Electronic Components and Equipment
electric components
Synopsis
American Axle & Manufacturing, a company that designs, engineers and manufactures driveline and metal forming technologies, agreed to acquire Tekfor Group, a company that specialises in mission-critical high-performance components, from KKR, an investment company, for €125m. "This acquisition leverages the core strengths of AAM with significant synergy potential, diversifies our geographic and customer sales mix and increases our electrification product portfolio. In addition, this purchase fits nicely with our recent tactical M&A approach. We are excited to expand our metal forming technologies to serve a broad range of global customers," David C. Dauch, AAM Chairman and CEO.
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