Ramkrishna Forgings to acquire up to 51% stake in TSUYO Manufacturing; plans to expand its EV portfolio The Board of Directors of Ramkrishna Forgings Limited (“Company”), one of the leading suppliers of rolled, forged, and machined products has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing Private Limited (“TSUYO”), a Make-In-India start-up company engaged in powertrain[Read More…]
Expected to strengthen electric propulsion systems leadership Complementary, market leading vertical integration capabilities BorgWarner Inc. today announced that it has completed its acquisition of Santroll Automotive Components, a carve-out of Santroll’s eMotor business. The acquisition is expected to strengthen BorgWarner’s vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market. “We are pleased[Read More…]
Press Release Expands Commercial Vehicle and Industrial Application Capabilities Accelerates business in Fast-Growing Commercial Vehicle and Off-Highway Battery Pack Market BorgWarner Inc. (NYSE: BWA) today announced that it has completed its acquisition of AKASOL AG. The combination of BorgWarner and AKASOL is expected to significantly strengthen the company’s commercial vehicle and industrial electrification capabilities, which positions the company to capitalize on[Read More…]
Goodyear Tire & Rubber Company has acquired Cooper Tire & Rubber Company following the public announcement earlier this year. Team ACI looks at the prospects of the unison as a subset of the global tyre industry. Goodyear Tire & Rubber Company have concluded the acquisition of Cooper Tire & Rubber Company following the public announcement earlier this year, on February[Read More…]
Company to be known in the future as BSH Hausgeräte GmbH Household-appliance manufacturer to be run as a largely independent operation Expansion of activities in connected buildings and appliances On January 5, 2015, following the antitrust authorities’ approval, the Bosch Group completed its acquisition of Siemens’s 50 percent share in BSH Bosch und Siemens Hausgeräte GmbH. The former 50:50[Read More…]
Motherson Sumi Systems Limited (MSSL), Noida-headquartered auto component giant, has announced acquisition of acquisition of assets of Scherer & Trier of Germany, through its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRP BV). The deal, which is worth nearly Euro 36 million (Rs 283 crore), will include the transfer of assets including land and building & inventories along with shareholding[Read More…]
ZF Friedrichshafen AG and TRW Automotive Holdings Corp. today announced that they have entered into a definitive agreement under which ZF will acquire TRW. Under the terms of the agreement, ZF will acquire TRW in an all-cash transaction valued at approximately US$ 12.4 billion based on equity value. The agreement has been approved by ZF’s Supervisory Board and Management Board and[Read More…]
Halla Visteon Climate Control Corp., has announced it has completed the acquisition of the automotive thermal and emissions product line of Cooper-Standard Automotive Inc., a subsidiary of Cooper-Standard Holdings Inc. (NYSE:CPS), in a cash transaction valued at $46 million, subject to price adjustment. The transaction was announced by both companies on June 30. “We are pleased to have completed this acquisition,[Read More…]
Visteon Corporation today announced that it has completed the acquisition of the automotive electronics business of Johnson Controls, creating one of the world’s three largest suppliers of vehicle cockpit electronics. The two companies announced plans for the $265 million cash transaction on Jan. 13. The acquisition will enhance Visteon’s competitive position in the fast-growing vehicle cockpit electronics segment by strengthening[Read More…]
