Amtek acquires UK-based rival, Triplex-Ketlon Group

08 November 2007

Amtek Auto Ltd has acquired one of the largest automotive precision machining companies in the UK, the Triplex- Ketlon Group, which was one of Amtek''s strongest competitors running close to 185 different machining lines and a multi-location presence in the UK. Triplex-Ketlon''s manufacturing facilities are located in Paddock Wood, Stratford-upon-Avon and Hereford all in UK.

At sales revenue of $152 million per annum, Triplex-Ketlon was one of UK''s large but independent precision machining companies. This acquisition will consolidates the position of the Indian components maker in Europe''s automotive sector and makes Amtek''s combined precision machining operations the largest in the UK and probably one of the largest in Europe as well.

This acquisition is an expansion for Amtek''s precision machining operations, which currently comprises two large precision machining facilities in Coventry and Letchworth in the UK besides their machining operations in India and Germany.

Triplex-Ketlon is regarded as a dominant player in Europe''s strong automotive industry with a very strong customer base that includes Perkins, Land Rover, Honda UK, Ford, TRW, JCB, Toyota UK, Dana Spicer, Honeywell among others.

The Triplex-Ketlon acquisition provides Amtek an entry into a very high growth sector dominated by Japanese OEMs like Toyota and Honda in Europe, besides getting Amtek into high value gear manufacturing in Europe.

The main products of this company include ladder frames, engine and transmission covers, steering knuckles, flywheel assemblies, exhaust and intake manifolds, wheel hubs and flanges, brake discs, pulleys, piston, hydraulic actuators, gear box housings and gears, shafts and sprockets.