Auto component maker Amtek Auto has informed in a filing to BSE that it has decided to acquire Germany-based Rege Holding GmbH through its Singapore-based subsidiary Amtek Engineering Solutions Pte.

Its operations are conducted from three state-of-the-art plants, two in Germany and one in Romania. The key products include manufacturing of connecting rods, crankcases, cylinder heads, gear housings and valve body components

Commenting on the development a company official said," The company generates majority of its revenue acting as a tier one and single source supplier to leading automotive companies globally. The transaction will provide an enhanced machining platform to integrate with the Amtek's global forgings and castings business."

The acquisition is expected to close by August 2015.