Amtek has entered into an agreement with Germany based Neumayer Tekfor Group.
The company has signed agreement to acquire substantial business interests of Germany based Neumayer Tekfor Group, through its 100 per cent subsidiaries. The NT Group is engaged in the business of forging and integrated machining having nine manufacturing units across Germany, Italy, U.S.A., Mexico, and Brazil. The transaction closing is subject to fulfillment of certain conditions which are expected to be completed soon.