Nemak to acquire automotive business of GF Casting Solutions.

Nemak, a provider of innovative lightweighting solutions, agreed to acquire automotive business of GF Casting Solutions, a solution providers of lightweight components. Financial terms are not disclosed. This strategic acquisition will represent a key milestone in Nemak’s efforts to accelerate its transformation beyond ICE powertrain components and broaden its global footprint. The transaction will allow Nemak to further diversify its customer base, enhance its technological capabilities, and strengthen its position in the transition towards sustainable mobility.