Amtek Auto closed acquisition of Asahi Tec Corporation, Japan

Amtek Auto Limited, through its overseas subsidiary, has entered into a Share Purchase Agreement with Japan based Asahi Tec Corporation to acquire the substantial business interest of Asahi Tec. To this effect, the company would like to update you that the Company has successfully closed the acquisition of the Iron Casting, Aluminium Casting, Forging and Machining business of Asahi Tec.

The Business comprises three manufacturing facilities in Japan, two in Thailand and a strategic holding in a joint venture in China. The acquisition of the joint venture interest is expected to close at a subsequent later date. The Business has year ended March 2015 revenues of US$ 375mn.

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