Dana Corp has signed a definitive agreement to sell its FTE brake and clutch actuation systems operations to HgCapital, a European private equity finance
Dana Corp has signed a definitive agreement to sell its FTE brake and clutch actuation systems operations to HgCapital, a European private equity finance company.
FTE manufactures brake and clutch actuation systems for vehicular markets. Headquartered in Ebern, Germany, the FTE operations expect 2002 sales in excess of $260 million. FTE employs about 2,850 people at five manufacturing facilities in Ebern, Fischbach, and Muhlhausen, Germany; Puebla, Mexico; and Gravatai, Brazil; and at a warehouse in Paris, France. The firm also operates 14 sales offices globally.
The transaction is subject to customary regulatory approvals. Terms of the agreement were not disclosed.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Why Mirror Camera Systems are the next step for fleet safety and exoneration While many commercial trucking cameras are similarly marketed, they are not all created equally. The...
Discover how modern fleet maintenance software can drive step-change improvements in shop efficiency, cost control and vehicle productivity, along with how to calculate the ROI...
Anyline’s study, “How Digital AI Solutions Can Enhance Rideshare Safety,” reveals rideshare drivers are overly confident in their tire knowledge, risking passenger safety. Download...
Anyline’s innovation allows accurate tire tread measurement via any mobile device, ensuring legal compliance for fleets. Read more and find out how you can cut operating costs...
