# American Axle & Manufacturing to acquire Tekfor Group for €125 million

American Axle & Manufacturing (AAM) announced it has entered into a definitive agreement to acquire Tekfor Group, a German specialist in automotive fasteners and metal formed components for e-mobility, for an enterprise value of €125 million. The transaction is expected to close in Q2 2022.

- Type: Acquisition
- Announced: 2022-04-11
- Where: Hausach, Germany, Germany
- Value: $136.0M (125.0M EUR)
- Status: announced
- Products: automotive fasteners, metal formed components for driveline, powertrain, and e-mobility
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [American Axle & Manufacturing Holdings, Inc.](https://endata.com/companies/16987.md) (acquirer)
- [Tekfor](https://endata.com/companies/33528.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1062231/000106223122000018/ex991april112022pressrelea.htm), 2022-04-11: "AAM will acquire Tekfor Group for an enterprise value of €125 million."

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