# Mutares completes acquisition of Tekfor S.p.A., renamed PRIMOTECS

Mutares SE & Co. KGaA completed the acquisition of the Italian business of Tekfor Group, a manufacturer of automotive components. The company now operates as PRIMOTECS, with about 670 employees and expected 2020 sales of EUR 120 million.

- Type: Acquisition
- Announced: 2020-02-04
- Where: Northern Italy, Italy
- Jobs: 670
- Status: completed
- Products: automotive components for powertrains
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [Tekfor](https://endata.com/companies/33528.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/mutares-starts-into-2020-with-the-successful-completion-of-the-acquisition-of-tekfor-s-p-a/), 2020-02-04: "Mutares SE & Co. KGaA has successfully completed the acquisition of the Italian business of Tekfor Group, a manufacturer of high-quality components for Tier 1 and Tier 2 suppliers in the automotive industry."

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