# Autokiniton Global Group to acquire Tower International for $900M

Autokiniton Global Group (AGG), a portfolio company of KPS Capital Partners, will acquire Tower International for $31 per share in cash. The total value including debt is approximately $900 million. The transaction is expected to close in September or October 2019.

- Type: Acquisition
- Announced: 2019-07-12
- Where: United States
- Value: $900.0M
- Status: announced
- Products: metal-formed components, engineered automotive structural metal components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [KPS Capital Partners](https://endata.com/companies/1184.md) (investor)
- [Autokiniton Global Group](https://endata.com/companies/40582.md) (acquirer)
- [Tower International](https://endata.com/companies/40583.md) (target)
- [KP Capital Partners](https://endata.com/companies/40633.md) (investor)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1485469/000119312519193284/d773621dex991.htm), 2019-07-12: "Autokiniton Global Group (“AGG”), a leading North American supplier of metal-formed components and complex assemblies to the automotive industry, and Tower International, Inc. today announced they have entered into a definitive agreement for AGG to acquire Tower for $31 per share in cash."
- [prnewswire.com](https://www.prnewswire.com/news-releases/autokiniton-global-group-to-acquire-tower-international-for-31-per-share-in-cash-300884043.html), 2019-07-12: "The acquisition of Tower will significantly enhance AGG's position as a leading North American manufacturer of metal formed components for the automotive industry."
- [privateequitywire.co.uk](https://www.privateequitywire.co.uk/kp-capitals-autokiniton-global-group-acquire-tower-international-usd900m-deal/), 2019-07-15: "KP Capital Partners' portfolio company Autokiniton Global Group (AGG), a North American supplier of metal-formed components and assemblies to the automotive industry, is to acquire Tower International."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.