ArvinMeritor announced today, July 3, that it has entered into an agreement to acquire Trucktechnic, a remanufacturer and distributor of commercial vehicle disc and foundation brakes and components, based in Liege, Belgium. Terms were not disclosed.
ArvinMeritor says 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. ArvinMeritor says Trucktechnic’s line of brake kits, components and testing equipment will expand and complement its existing European aftermarket portfolio both in terms of product breadth and market depth.
Also, 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,” says 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-foott 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 again was 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.
Today, ArvinMeritor is a global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs about 19,000 people in 24 countries.