Commercial Vehicle Group Buys German Firm

Commercial Vehicle Group Inc. said Monday it has acquired the outstanding stock of German firm PEKM Kabeltechnik, an electronic wire harness manufacturer for the commercial truck market.

CVGI acquired the company from the Prettl Group, a family-owned international business.

PEKM has two operating facilities in the Czech Republic and an operating facility in the Ukraine.

“This acquisition further expands our global footprint and provides us with a new customer base outside of North America in our key end markets,” said Mervin Dunn, CVGI’s chief executive officer.