LONDON: American Axle & Manufacturing Holdings Inc. (AAM) and Dowlais Group have reached an agreement on the terms of a recommended cash and share offer by AAM for Dowlais’ entirety of issued and to-be-issued ordinary share capital, marking a significant merger for both companies. The merged entity, referred to as the Combined Group, will emerge…
All posts tagged Dowlais Group
Dowlais Group reports 6.3% growth in revenue to £5.48 billion in 2023
LONDON, UK: Dowlais Group plc, a leading specialist engineering group in the automotive industry, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a significant revenue increase and robust profit margins, reflecting strong performance and strategic advancements in the sector. Financial Highlights: Operational Setbacks: Earnings and…
Dowlais Group appoints Jean-Marc Durbuis as new CEO of GKN Powder Metallurgy
Dowlais Group Plc, the specialist engineering firm focused on the automotive sector, has appointed Jean-Marc Durbuis as the new Chief Executive Officer of GKN Powder Metallurgy. Jean-Marc joins the company on 12 March. This appointment follows Diego Laurent’s departure from the business after 31 years of service at GKN. Jean-Marc will bring extensive commercial, operational…