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Mergers and Acquisitions, Appointments
The automotive world is rather vivid and there are a lot of things happening between the companies - certainly there is competitions that drives the industry forward and speeds up product optimization and state-of-the-art innovations. However, this world is also merging companies and is leading to acquisitions, alliances - transmission specialists just need to keep up with this pace to stay well-informed. What is more, new heads and leaders offer new insights and approaches - their minds can truly revolutionize the Automotive industry.
BorgWarner Inc. (BW) and Delphi Technologies PLC have recently reached an agreement on a final transaction agreement under which BW will take over Delphi Technologies (DT) in an all-stock transaction that estimates assets of the latter at about $3.3 bln.
Recently, it has been reported that Meritor, Inc. has taken over Transportation Power (more commonly known as TransPower) by purchasing all of its outstanding common shares. The details of this deal haven’t been unveiled.
Transtar Industries, a major supplier of aftermarket transmission components, has recently reported about the assets acquisition of Dean Transmission Parts. The details of this deal, which entered into force earlier this month, have not been unveiled so far. Dean will keep on working at its primary location under Transtar’s brand name.
Auto giants Fiat Chrysler and France's PSA Group have finally confirmed one of the most popular rumors of recent time and released the plan of a possible merger, which may give birth to the world's fourth-largest automaker. The joint company will be headquartered in the Netherlands.
ZF
has issued a total bond-secured loan of
€ 2.1
bln. According to ZF, one of the main objectives of this measure is to ensure
the gap financing of the scheduled takeover of Wabco, a leading manufacturer of
security and control solutions for CVs.
Punch Powertrain (PP), a major supplier of powertrain and transmission solutions for the auto industry, has chosen Jorge Solis, who previously who held senior positions at Wabco and Valeo, to a position of its new CEO. The job position became vacant last spring when long-term Punch CEO Cor van Otterloo passed away.
ZF
has recently announced the appointment of Dr. Martin Fischer, former Hella and
BorgWarner (BW) executive, as a new member of the ZF executive board. It is
planned that Mr. Fisher will join the board in early November and take the lead
in driver assist systems, electronics, active and passive safety, the North and
South America regions, and corporate quality.
Allison Transmission, a major provider of commercial duty automatic gear shifting solutions, has recently announced the acquisition of one of its long-term suppliers of aluminum transmission castings, plus an affiliated tool and die maker, in a deal estimated at $103 mln.
Transtar Industries, one of the top suppliers of aftermarket transmission components, has recently reported about the takeover deal reached with SeaTac Parts Warehouse, a distributor of transmission and driveline elements located in Kent, Washington. The company will be merged with Transtar’s Kent facility.
Valvoline Inc. has reached an agreement on purchasing of specific business assets of Minit Lube located in Alberta, Canada. The deal is planned to be closed during the 4-th quarter of fiscal 2019. Financial details of this transaction are still kept secret.
Dana Inc. has recently unveiled the takeover of Nordresa Motors Inc., a well-known group of professionals specialized in development, manufacturing and selling of e-powertrain solutions for commercial vehicles (CVs). Details of the deal were kept confidential.
Recently, it has been reported that Babcox Media Inc. acquired Transmission Digest, covering transmission repair industry. For almost four decades, Transmission Digest (TD) has been keeping track of the main trends in development in the transmission repair industry.
Recently, ATC Drivetrain (“ATC”), a leading independent remanufacturer of car transmission parts located in Oklahoma, has reached an agreement on the takeover of ATP with its founder Alan Smart. Financial conditions of the deal are still kept private.
Recently, Allison Transmission, the world-renowned producer of transmission solutions for different types of vehicles, has reported about the takeover of Vantage Power and a subsidiary of AxleTech.
Dana Inc. has recently reported that the company has finalized the takeover deal of the Drive Systems division of the Oerlikon Group, including the Graziano and Fairfield brands. This deal makes it possible for Dana to strengthen the potential of its electromobility program and significantly improves company’s production capacity in several directions.