Takeover of AMK by Chinese Zhongding Group is complete

AMK will remain an independent company / No changes to the management team and employee structure / AMK Managing Director Dr. Viethen sees takeover as a great opportunity

(PresseBox) ( Kirchheim/Teck, )
The Kirchheim/Teck based AMK Holding GmbH & Co. KG became part of the Chinese Zhongding Group this Thursday after anti-trust authorities gave their approval.. The shares of AMK will be held by the ZD Europe GmbH with headquarters in Lohr am Main. The AMK Group is a leading company in the fields of drive and control technology and automotives with approximately 900 employees worldwide.

Dr. Ulrich Viethen, Managing Director of AMK, sees the takeover by the Zhongding Group as a great opportunity for AMK: “The president and founder of the Zhongding Group, Dinghu Xia, has assured us that the AMK Group will continue to be managed as an independent company with the same management team and employee structure as well as its own name. We will retain our independence but still have access to the much greater pool of resources of the Zhongding Group.” The holding company ZD Sealing Parts Co. with 14,000 employees worldwide recorded an annual turnover of EUR 1.6 billion in 2015. It belongs to the largest family-run business in China and is one of the leading international automotive and industrial suppliers. “As part of Zhongding, , we will benefit from synergies in the areas of research and development as well as in purchasing. We will obviously also have significantly expanded access to markets – including in, but not limited to, Asia. Conversely, AMK's expertise and innovative strength will expand the technology portfolio of the Zhongding Group,” stresses Dr. Viethen.

Norbert Hettstedt, Managing Director of ZD Holding Europe, takes a similar view: “The acquisition provides strong synergies and will allow both platforms to undergo significant further development. ”He continues: “I am absolutely certain that our two companies will complement each other well. This will be particularly beneficial to the AMK Group’s sites in Germany, and the employees who work there.”

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