PrimoTECS is a manufacturer of high-quality components for Tier 1 and Tier 2 suppliers in the automotive industry.
The company employs approx. 670 people and operates at two production sites in Northern Italy, where it produces components for use in electric, hybrid and conventional powertrains. Tekfor S.p.A. has established itself as a well-known, profitable company not only within the automotive sector but the truck industry and related industries. In financial year 2020, the company expects sales of EUR 120 million with a break-even operating result.
With the completion of the acquisition, the company will operate and market under PrimoTECS. The system-supplier will concentrate on the development of the current business, the capitalization of the acquired know-how and acceleration of further collaboration with customers. PrimoTECS stands for Mobility, Transmission, Engine Components & Solutions.