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HVCC to Acquire Thermal, Emissions Product Line of Cooper-Standard …


July 1, 2014

HVCC to Acquire Thermal, Emissions Product Line of Cooper-Standard Automotive

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Halla Visteon Climate Control has concluded to squeeze a automotive thermal and emissions product line of Cooper-Standard Automotive, a auxiliary of Cooper-Standard Holdings, for $46 million.

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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Article source: http://www.environmentalleader.com/2014/07/01/hvcc-to-acquire-thermal-emissions-product-line-of-cooper-standard-automotive/

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