7.2016: China’s Zhongding Group says European unit signs an agreement to buy AMK Holding GmbH & Co KG. The AMK Group, a family-owned company with headquarters in Kirchheim/Teck, Germany, has been one of the market and technology leaders in the electric drive technology, control technology, industrial automation engineering, and automotive areas for more than five decades. AMK employs ca. 900 people and generated appr. EUR 200 Million sales.