July 1, 2014
HVCC to Acquire Thermal, Emissions Product Line of Cooper-Standard Automotive
The pierce will enhance a thermal appetite government product portfolio and serve variegate a patron base, HVCC says.
The money transaction is targeted for execution in a third entertain of this year.
The business to be acquired encompasses a operation of automotive products that will support increasing fuel potency and reduced emissions. Products embody empty gas recirculation modules (EGRs), electronic coolant pumps and valves; electronic wastegate actuators and electronic stifle bodies.
HVCC skeleton to send prolongation of these products from Cooper Standard to existent HVCC locations on execution of a transaction. Physical resources will send to HVCC from Cooper Standard operations in North America, Germany, France and a Czech Republic. In addition, a parties intend for certain engineering resources in North America and Germany to send as partial of a transaction.
Last year HVCC was one of 38 companies, universities and inhabitant labs to accept some-more than $45 million in Energy Department appropriation for projects that accelerate a investigate and growth of car technologies to urge fuel efficiency, reduce travel costs and strengthen a environment.
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