JD Norman Industries to Acquire REGE Motorenteile/Automotive as Step in Global Expansion.
M2 EQUITYBITES-December 15, 2017-JD Norman Industries to Acquire REGE Motorenteile/Automotive as Step in Global Expansion
(C)2017 M2 COMMUNICATIONS http://www.m2.com
15 December 2017 - Illinois, US-based metal component and system manufacturer JD Norman Industries, Inc. has agreed to acquire all assets of Germany based machined automotive components and assemblies REGE Motorenteile GmbH and all shares in Romania-based REGE Automotive as a step in JD Norman's global expansion, the company said.
Terms of the transaction were not disclosed. The transaction is subject to applicable antitrust approvals and is expected to close by the end of 2017.
JD Norman said the addition of REGE's manufacturing operations in Germany and Romania provide entry into key European markets and REGE's product portfolio allows the JD Norman to develop new and growing technologies.
The acquisition of REGE will create a global automotive and industrial supplier of highly engineered components employing approximately 2,000 people throughout 14 locations in six countries.
JD Norman Industries, Inc. is in the manufacturing of highly engineered products including cast, formed and machined metals. The company serves major original equipment manufacturers of automotive, industrial and transportation products.
REGE manufactures precision-machined components including crankcases, cylinder heads, balance shafts, housings, connecting rods, common rails, valve bodies and gear parts, as well as chassis and structural components.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 15, 2017|
|Previous Article:||Pasinex to Acquire Majority Interest in Gunman Zinc Project for USD 1.5m.|
|Next Article:||IPG Photonics Acquires Welding Technology Producer Laser Depth Dynamics.|