Autokiniton Completes Acquisition of Tower Intl.

Autokiniton US Holdings, Inc. today announced the completion of its acquisition of Tower International, Inc. (NYSE: TOWR) (“Tower”), a leading manufacturer of engineered automotive structural metal components and assemblies, for $31 per share in cash. AGG is a subsidiary of Autokiniton Global Group, LP, a portfolio company of KPS Capital Partners, LP (“KPS”), a leading global private equity firm with approximately $5.1 billion of assets under management, as of June 30, 2019.