GKN Driveline acquires Getrag driveline products

October 4, 2011 by  
Filed under Company News, Industry News, News

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With the approval process now complete, GKN’s $440 million acquisition of the driveline products business of Getrag positions GKN Driveline as the global leader in the engineering and manufacture of AWD Systems and eDrive Systems.

“This is a very exciting move in the strategic development of our driveline offering for vehicle manufacturers around the world,” said Jim Voeffray, sales and marketing director of GKN Driveline. “We now offer sector-leading engineering and manufacturing capability for vehicle manufacturers at a time when sales of crossover and AWD vehicles are booming: estimates suggest a sales growth of 30% in the next three years.¬† It also adds to our already market leading portfolio of systems for hybrid and electric vehicles”