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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.
has issued a total bond-secured loan of
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.
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.
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, 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.
Recently, it has transpired that MAHLE, one of the leading providers of auto parts worldwide, is going to purchase the company ZG-Zahnräder und Getriebe GmbH, located near Munich in Germany and specialized in development and production of innovative transmission solutions.
ZF Friedrichshafen, an internationally-renowned manufacturer of transmissions and driveline components, has recently announced a 35% stake acquisition in ASAP, a Germany-based manufacturer of software and testing solutions in the fields of e-mobility, autonomous driving and electric cars.
Recently, it has been reported that ETE REMAN, a key aftermarket automatic gearbox remanufacturer in the US, takes over ATSG, the world number one in automatic transmission technical assistance and training. ATSG President Wayne Colonna will retain his current position and become the new Technical Director at ETE REMAN.