|US Commercial Vehicle Group buys PEKM Kabeltechnik for $21.1 mln|
Journal Staff Report
U.S. Commercial Vehicle Group, Inc. announced Monday it has acquired PEKM Kabeltechnik s.r.o. (“PEKM”), an electronic wire harness manufacturer operating primarily on the commercial truck market, from the Prettl Group of Germany. PEKM has two operating facilities in Liberec, Czech Republic and one operating facility in Kamyanets-Podilsky, Ukraine, according to a Vehicle Group press release, Interfax-Ukraine reported. The transaction was worth approximately $21.1 million in cash, the company said.