American Axle & Manufacturing reaches definitive agreement to acquire Dowlais Group, the owner of GKN Automotive and GKN Powder Metallurgy
The cash and stock deal, valued at about $1.44 billion, will create a leader in global driveline and metal-forming supply with a comprehensive and powertrain-agnostic product portfolio.
On Jan. 29, American Axle & Manufacturing signed a definitive agreement to acquire Dowlais Group in a cash and stock deal, valuing the UK-based company at about $1.44 billion. Dowlais Group is the owner of GKN Automotive, a leader in automotive drive systems, and GKN Powder Metallurgy, a leading supplier of sintered metal products and manufacturer of atomized metal powder.
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