Federal-Mogul Powertrain has completed the acquisition of UK based clean tech development company, Controlled Power Technologies (CPT).
"The purchase provides a timely route for Federal-Mogul Powertrain to expand into the development and manufacture of powertrain technologies for electrification and hybridisation that complement the company's existing capabilities, the supplier said in a statement.
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Financial details of the acquisition have not been released. The new unit will offer its products under the name Federal-Mogul Controlled Power.
Headquartered in Laindon, Essex, with a further site in Coventry (UK), CPT specialises in the development of 12V and 48V electric motor generators for start stop applications, mild hybridisation, exhaust-driven electrification technologies, e-boosting for combustion engines, e-compressors for fuel cells and similar products. These provide powertrain manufacturers with fuel economy improvement, driveability, performance enhancement and emissions reduction measures suitable for a wide range of applications including passenger cars, commercial vehicles and industrial engines.
"The acquisition of CPT significantly expands the scope of Federal-Mogul Powertrain's business, providing our customers with an exciting new range of electrification technologies that are ready for integration with their development programs," said Rainer Jueckstock, CEO, Federal-Mogul Powertrain.
"Stringent emissions targets can only be met through a combination of improved efficiency of combustion engines with measures like reduced internal friction or advanced combustion strategies as well as through further electrification of the powertrain. With the acquisition of CPT, Federal-Mogul Powertrain now has access to leading technologies in each of these areas."
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By GlobalData"While internal combustion engines will continue to play a vital role for many years to come, we see hybridisation and electrification of powertrains as a key enabler for vehicle manufacturers to reduce emissions," said Rick Llope, head of global sales and corporate strategy, Federal-Mogul Powertrain.
"This acquisition will enable us to offer electrified powertrains, further strengthening our position as a key development partner for our customers."
"CPT is at a stage where we have a range of proven technologies that are well-aligned with the growing need for emissions reduction," said Nick Pascoe, Controlled Power Technologies CEO. "With Federal-Mogul Powertrain, we have the support of a highly-regarded global Tier 1 supplier that has the resources, reach and expertise to bring them into volume production."
