TROY, Mich. -- ArvinMeritor, Inc announced today that it has entered into an agreement to acquire Trucktechnic, a major remanufacturer and distributor of commercial vehicle disc and foundation brakes and components, based in Liege, Belgium. Terms of the acquisition were not disclosed.

Trucktechnic has an established reputation for quality, reliability, and outstanding service among its customer base in Western and Eastern Europe, as well as Africa and South America.

The company's line of brake kits, components, and testing equipment will expand and complement ArvinMeritor's existing European aftermarket portfolio both in terms of product breadth and market depth. In addition, a significant portfolio of remanufactured, all-makes, complete caliper and disc brakes will add to ArvinMeritor's existing proprietary line of remanufactured disc brakes and will become integral to ArvinMeritor's remanufacturing business.

As part of the acquisition, Trucktechnic's 46 full-time employees, based out of its headquarters in Liege, will become part of the ArvinMeritor team.

"This acquisition represents a major step forward for our European operation in terms of brand recognition, product offering, geographical footprint and remanufacturing capability and capacity," said Maurice Haft, ArvinMeritor's managing director, Europe, Commercial Vehicle Aftermarket. "Trucktechnic's skilled engineering and technical staff understands the specific needs of the aftermarket and will assist us in achieving our growth objectives in the geographic areas we serve."

ArvinMeritor originally established its remanufacturing operation in 1982 at its Florence, Ky. national parts distribution center with drive axle carriers. It subsequently relocated that operation into a 275,000 square feet remanufacturing center in Plainfield, Ind. which remanufactured brake shoes and transmissions. In 2000, ArvinMeritor expanded these activities into Europe by adding a facility in Maudslay, England, for the remanufacture of axle carriers.

The facility subsequently began production of remanufactured disc brake calipers in 2006. In 2007, the portfolio was again enhanced with the addition of remanufactured trailer axles at the Plainfield facility, and in December of that year, ArvinMeritor acquired Mascot Truck Parts which expanded ArvinMeritor's capabilities and customer base in North America.

Courtesy: ArvinMeritor Inc, USA

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Posted by Naresh Koshti on 3 July, 2008 12:20:53 PM IST #