# 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.

- Type: Acquisition
- Announced: 2019-12-19
- Where: Turin area, Italy
- Status: announced
- Products: automotive components for powertrains
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Tekfor](https://endata.com/companies/33528.md) (target)
- [PrimoTECS S.p.A.](https://endata.com/companies/45323.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/the-year-end-spurt-has-begun-mutares-acquires-the-italian-business-of-tekfor-group-and-grows-annualized-by-a-further-eur-120-million/), 2019-12-19: "With the acquisition of the Italian business of the Tekfor Group as a platform investment, we are further developing our Automotive & Mobility segment."
- [primotecs.com](https://www.primotecs.com/news/), 2020-02-17: "We’d like to inform you about the change of ownership at Tekfor S.p.A., although the successful acquisition by Mutares SE & Co KGaA on January 31st, 2020 of the Italian entity."

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