Autokiniton US Holdings Inc. said Sept. 30 that it completed its acquisition of auto-parts maker Tower International Inc. for $31 per share in cash.
Autokiniton US Holdings is a unit of Autokiniton Global Group LP, which supplies metal-formed components and complex assemblies to the automotive industry.
On closing of the deal, Tower International will become a wholly owned subsidiary of Autokiniton US Holdings and its shares will no longer trade on the NYSE.
Autokiniton Global is a portfolio company of venture capital firm KPS Capital Partners LP.
