Visteon will sell two German plants in Düren and Wülfrath (Nordrhein-Westfalen) to German private equity firm, Special Situatations Venture Partners II, advised by German investment firm Orlando Management in Munich.

According to the German press agency, Special Situations Venture Partners is active mainly in Germany, Switzerland and Austria.

The price was not disclosed, as usual in such cases.

Visteon is also selling a component plant in the Polish town of Praszka and some operations in Sao Paulo, Brazil.

The four plants have a total of 2,400 employees. They produce transmission and steering systems for a number of global OEMs.

The sale is part of the restructuring of Visteon, according to its president, Don Stebbins. The plants will become part of Dutch TeDrive Holdings. The German subsidiaries will become known TeDrive Germany in Düren und TeDrive Steering in Wülfrath.