Halla Visteon Climate Control (HVCC) says it has agreed to purchase the automotive thermal and emissions product line of Cooper-Standard Automotive, a subsidiary of Cooper-Standard Holdings.
The cash transaction, valued at US$46m and subject to adjustment and certain regulatory and other approvals, is targeted for completion in the third quarter of 2014.
The business to be acquired includes a range of automotive products the company says will support increased fuel efficiency and reduced emissions.
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Products include exhaust gas recirculation modules (EGRs), electronic coolant pumps and valves, electronic wastegate actuators and electronic throttle bodies.
“This acquisition builds on HVCC’s thermal energy management offering and enhances the company’s competitive position as a system and module supplier through solutions that deliver value to customers, investors and employees,” said HVCC president and CEO, YH Park.
