“We are evaluating two deals and talks are in an advanced stage,” Chairman Arvind Dham said over telephone. The target firms have revenue of more than $100 million each, he said. Amtek Auto Ltd, which makes steel and aluminium components, will spend $10 million to set up a plant each in China and Romania, Dham said. The company has also appointed a consultant for the merger of group firm Amtek India with itself and the consulant was likely to submit a report in a couple of months, he said.
Amtek Auto Limited is a Tier-1 vendor and is a OEM supplier to Maruti Suzuki, John Deere, TVS Suzuki, JCB, JBML, Case New Holland, GE, Hero Honda, Hindustan Motors, Mahindra & Mahindra, Tata Motors, Sanden Corp., LML Limited, Eicher Tractors, Honda Scooters, Yamaha motors, Bajaj Auto. (financialexpress.com)
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