ArvinMeritor has agreed to acquire Trucktechnic, a major remanufacturer and distributor of commercial vehicle disc and foundation brakes and components, based in Liege, Belgium.
Go deeper with GlobalData
Terms of the acquisition were not disclosed.
According to ArvinMeritor, Trucktechnic has an established reputation for quality, reliability and service among customers in western and eastern Europe, Africa and South America.
“The company’s line of brake kits, components, and testing equipment will expand and complement ArvinMeritor’s existing European aftermarket portfolio both in terms of product breadth and market depth,” it said.
“In addition, a significant portfolio of remanufactured, all-makes, complete calliper and disc brakes will add to [our] existing proprietary line of remanufactured disc brakes and will become integral to [our] remanufacturing business.”
Trucktechnic’s 46 full-time employees, based in Liege, will join ArvinMeritor when the deal completes.
“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,” said Maurice Haft, ArvinMeritor’s managing director, Europe, commercial vehicle aftermarket.
