American Axle bolsters electrification strategy with acquisition of Tekfor

AAM HQ_smaller_i.jpg — Detroit-based American Axle Manufacturing is investing in electrification and benefitting from the industry consolidation in the internal combustion engine space. (American Axle Manufacturing)

By:

Kurt Nagl

By:

Crain's Detroit Business

April 11, 2022 03:00 PM

American Axle & Manufacturing Holdings is acquiring Tekfor Group in a deal valued at more than $135 million as the U.S. automotive supplier expands its electrification portfolio.

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