Voestalpine buys German auto parts firm Vollmer

Newswire

VIENNA, Feb 23 (Reuters) - Austrian steelmaker voestalpine AG has agreed to buy all of German automotive parts supplier Vollmer, its second acquisition of a German auto parts firm in a week, voestalpine said on Wednesday. Voestalpine said its auto parts division, motion, had concluded the deal, which is subject to approval by competition authorities. Vollmer has an annual turnover of more than 30 million euros ($39.59 million), voestalpine said. "The division's lead company voestalpine ...

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