ATC Drivetrain Takes Over ATP
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.
Established half a century ago, the UK-based ATP company is one of the largest European remanufacturers of automatic gearboxes, including torque converters, AMTs, transmission control units. Moreover, the company produces diagnostics units and offers related services. The list of ATP’s customers includes numerous OE manufacturers and suppliers from all over the world.
Alan Smart
According to Mr. Smart, after half a century of
successful work in the industry he concluded that it was a high time for the
company to take the next step in its development. In his view, the promising
combination of technologies and expertise from both companies will make it
possible for ATP to expand the list of provided services and secures the future
of ATP specialists, many of whom have been with the company for several
decades. Mr. Smart has no doubts that joining ATC is the right choice for his
business and that ATC’s CEO Greg Heald will find the way to unleash the potential
of ATC/ATP merger to the full extent.
Greg Heald
Mr. Heald, in turn, said that ATC’s team and its investor Crestview Partners respect and value the contribution of Mr. Smart to the development of ATP. Mr. Smart’s philosophy and expertise helped ATP to make significant progress in the remanufacturing industry. Mr. Heald also thinks that the abovementioned deal will help both companies to not only exchange the experience and achievements in different technologies, but also adopt common visions related to provision of top-quality services to their customers.
Alex Rose, representative of the stock company Crestview Partners, said that the takeover of ATP is ATC’s 1-st deal since being bought by Crestview last year. He emphasized the fact that ATC’s senior management has been doing its best to expand the company’s product portfolio and to strengthen its positions on the world market. The purchase of ATP creates a company with vast experience (more than 130 years combined) in the auto remanufacturing industry, which is capable of meeting demands of the increased customer demand worldwide.
About ATC Drivetrain
Learn more about ATC
Drivetrain
ATC Drivetrain is a remanufacturer of
transmissions and engines and related elements for different types of vehicles with
a constantly growing capacity of over 1 mln sq. ft. of factory and warehouse
floor space. Thanks to sophisticated engineering development and advanced
machinery, the company is able to produce transmissions and engines meeting the
highest quality standards. The company puts in great efforts to reduce the
quantity of waste materials and to adhere to the latest environmental standards.
About ATP
Learn more about ATP
ATP Industries Group Ltd. (ATP) mainly focuses
on the remanufacturing and testing of advanced transmission solutions for the
automobile industry, using cutting-edge production technologies to maximize
production capacity, enhance product quality and strengthen its market presence.
Currently, the ATP workforce comprises 200 specilaists and the company sells
its products to dozens of countries all over the globe from 3 sites located in
the UK, China and the US.
