US: TRW Dutch subsidiary buys Dana unit
A Dutch subsidiary of TRW Automotive, Roadster Automotive on Tuesday announced the acquisition of a Slovakian electric motor production business, Dana Emerson Actuator Systems (DEAS), from Dana Corporation.
The terms of the deal were not disclosed.
The business, which employs 455 people, manufactures motors used in electrically assisted steering systems for tier one automotive suppliers including TRW Automotive. The product is a component in TRW's electrically powered steering and electrically powered hydraulic steering systems.
Dave Chew, vice president of TRW Automotive's European steering operations, said: "This represents a strategic acquisition for TRW Automotive. We continue to develop our electrically assisted steering systems business in Europe, North America and Asia Pacific and this operation provides us with an in-house source for a key component for a growing technology in our active safety systems portfolio.
"The plant in Nove Mesto, Slovakia, will become an integral part of our European steering operations. We'll continue to develop the technology and production processes to strengthen our market leading range of steering systems."
TRW Automotive supplies electrically assisted steering systems to automotive manufacturers including Ford, Fiat, General Motors, Renault Nissan and Volkswagen.