Monday, September 12, 2011

GKN to acquire Getrag’s Driveline Products Business

In case you haven't heard:

GKN plc announced in July 2011 its agreement to acquire the all-wheel-drive (AWD) components businesses of Getrag KG, the privately held German company controlled by the Hagenmeyer family. The businesses being acquired, together referred to as “Getrag Driveline Products”, are Getrag Corporation, a joint venture with Dana Corporation based in the United States, and Getrag All Wheel Drive AB, a joint venture with Dana Holding Corporation and Volvo Car Corporation based in Sweden.

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