ArvinMeritor to acquire Belgian company
Aug 1, 2008 12:00 PM
ArvinMeritor Inc. 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 a 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 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 proprietary line of remanufactured disc brakes and will become integral to ArvinMeritor's remanufacturing business.
As part of the acquisition, Trucktechnic's 46 fulltime employees, based out of its headquarters in Liege, will become part of the ArvinMeritor team.
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