Mutares acquires Tekfor S.p.A. Italian business

Mutares SE & Co. KGaA signed an agreement to acquire the Italian business of Tekfor Group, including Tekfor S.p.A. with two production sites near Turin, for an undisclosed amount.

“With the acquisition of the Italian business of the Tekfor Group as a platform investment, we are further developing our Automotive & Mobility segment.”mutares.com

• 2 sources
• mutares.comThe year-end spurt has begun: Mutares acquires the Italian business of Tekfor Group and grows annualized by a further EUR 120 million - Mutares SE & Co. KGaAWordPress ServiceDec 19, 2019
• primotecs.comNews - PrimoTECSPrimoTECS NewsFeb 17, 2020

Summarized from public sources; check the original articles before acting on it.