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Article: Brose buys former Siemens VDO unit; Window regulator specialist adds electric motors business that had [euro]740m in 2007 sales.(Suppliers)(Siemens VDO Automotive AG acquired with Brose Group)
- Article from:
- Automotive News Europe
- Article date:
- January 21, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: April Wortham
Continental's takeover of Siemens VDO Automotive has been good news for Germany's Brose Group.
Brose, a privately-held manufacturer of window regulators, door systems and seat adjusters, agreed last month to purchase the former Siemens VDO's electric motor operations from new owner Continental.
Brose hopes the acquisition boosts its growth spurt in North America.
Terms of the transaction, which is subject to approval from antitrust authorities, were not disclosed.
Included in the sale is the former Siemens VDO's electric motor business for window regulators, antilock braking systems, heating and ...