Amtek Auto and Frankfurt-based KSM Castings are believed to be competitors of auto supplies. Good to know that two competitors are now planning to join hands and get the largest acquisition in the automotive forging space.
Everyone in the auto industry is in dilemma thinking how these two global private equity players unite. But that’s true that they are planning to do so with a keen desire of consolidating their business through means of new strategies and policies.
Amtek has almost 40% share in the Western market and still desires to increase the share percentage. The company is sure that joining the big name KSM Castings will definitely help to change the complete scenario and increase the share in the market.
The proposed acquisition is still far away till then will the players continue the race or quit the race.
Good that they are also becoming business partners and hope this does not disturb them in racing stuff…..
Heard a lot about them so now its all time to see how they really match up as Business partners….just have to wait and watch…