Promet acquires Tatra parts unit

Czech company Promet has acquired Tawesco, the daughter company of local truck manufacturer Tatra, for an undisclosed price. Tawesco supplies car parts to local OEM Skoda as well as to Benteler, Magna, Visteon, and Tatra. It specialises in components such as extrusions from iron and aluminium, as well as stamping instruments.

Promet supplies raw materials to steel mills and foundries in the Czech Republic as well as in neighbouring Austria, Germany and Poland. It also operates in the engineering sector.