AxleTech International announced Friday, March 28, that it has acquired Truck Trailer Transit, a global provider of braking systems based in Detroit. AxleTech says the TTT acquisition broadens its brake portfolio with 20 additional brake families spanning hydraulic disc, cam drum and wedge drum product lines. Terms of the acquisition were not disclosed.
“AxleTech is already a market leader in planetary axles, independent suspensions and transfer cases, as well as wet and dry disc brakes,” says Mary Petrovich, chief executive officer of Troy, Mich.-based AxleTech International. “We now add drum brakes and hydraulic disc brakes to our product range. Given the integral importance of braking systems to our business, this acquisition will help us better serve AxleTech customers across all segments worldwide. The deal also fits perfectly with our strategy to grow AxleTech’s original equipment and aftermarket presence across the commercial on-highway and bus/transit markets.”
Dave Lawrence, president of TTT, emphasized the synergies between the two businesses. “TTT is excited to join the AxleTech team,” Lawrence says. “AxleTech and TTT share unparalleled reputations for delivering technical solutions that meet OE standards with the highest quality and customer service. We look forward to providing all of our customers with the distinct benefits that AxleTech can now offer with the addition of TTT products.”
