The acquisition spree of Austria’s Polytec Group (Hörsching / Austria; www.polytec-group.com) culminating in the planned buyout of German auto supplier Peguform (Bötzigen; www.peguform.de) may not be over. CEO Friedrich Huemer said the group has sufficiently liquidity for other deals and that Peguform also had been eyeing acquisition candidates.

Whether the Austrians will seek the majority of German auto supplier Grammer, in which it already holds 9.9%, is still open. A takeover of voestalpine subsidiary Polynorm for around EUR 100m is not currently being pursued, according to Huemer.