Aam continues pivot towards electrification

Acquires tekfor, a leading specialist in formed and e-mobility components detroit , april 11, 2022 /prnewswire/ -- american axle & manufacturing holdings, inc. (aam), (nyse: axl) announced today that it has entered into a definitive agreement under which aam will acquire tekfor group for an enterprise value of €125 million. "this acquisition leverages the core strengths of aam with significant synergy potential, diversifies our geographic and customer sales mix and increases our electrification product portfolio.
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