Amtek Auto, one of the largest integrated component manufacturers in India, has signed a contract to acquire German based REGE Holding GmbH through its 100% Singapore based subsidiary Amtek Engineering Solutions.

REGE, through its subsidiaries, will provide machining and assembly of components for both auto and non-auto segments. Its operations are conducted from three state-of-the-art plants, two in Germany and one in Romania. The key products include manufacturing of connecting rods, crankcases, cylinder heads, gear housings and valve body components. The company generates majority of its revenue acting as a tier-1 and single source supplier to leading automotive companies globally.

Shares of the company gained Rs 2.65, or 1.66%, to trade at Rs 162.40. The total volume of shares traded was 228,928 at the BSE (10.37 a.m., Monday).