YorkDenis - China Automobile Expert-CNAUTO

Amtek Auto declared German forging company Zelter innocent in its 2005 global acquisition. The Zelter business has been under pressure for the past three years. March 2014: Amtek acquires the Kueppeper Group, Germany, a group of foundry processing components. Since the acquisition, the latter’s EBITDA margin of 7.4% improves from 7.4% to 10.9% due to cost savings of $360 million euros. The learning curve is complete. Between 2005 and 2010, Indian auto parts companies made 68 global acquisitions and invested $1 billion. In the next five years, they made about 28 events International acquisitions worth $1.21 billion (disclosing only the value of the deals). There is plenty of evidence that the second wave of acquisitions performed far better than the first. What has changed? How are Indian component makers tackling global acquisitions? Warning this is the first lesson Arvind Dham, CMD of automotive ancillary company Amtek, has learned from the two acquisitions. “We ...

Vehicles

Tyre

Auto Spareparts

Material

How the second wave of Indian auto component makers crack the global acquisitions puzzle

Auto Components Sector grows fastest in six years

GST dries up working capital for auto component companies