ArvinMeritor has completed the sale of its Body Systems business to an affiliate of Inteva Products for an estimated purchase price of US$27.27m.
Inteva designs, engineers, manufactures, and assembles interior, access control, door, roof, electronics and motor systems, and advanced materials and processes for carmakers globally. It has 43 facilities on four continents.
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The business’ capabilities provide everything from component parts to fully integrated vehicle subsystems.
Chip McClure, ArvinMeritor chairman, CEO and president said the transaction completes his company’s transformation, adding: “It will further our ability to achieve our financial goals with the continued strengthening of our core operations in the global commercial vehicle and industrial markets.”
ArvinMeritor provides a broad portfolio of axle, brake and suspension systems to OEMs and the aftermarket.
