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AAM acquires Tekfor for EUR 125 million in pivot to electrification
American Axle & Manufacturing Holdings, Inc. (AAM) announced that it has entered into a definitive agreement under which AAM will acquire Tekfor Group for an enterprise value of EUR 125 million. The transaction is expected to close in the second quarter of 2022. Based in Hausach, Germany, Tekfor Group is a leading sp....
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