SOUTHFIELD, Mich., Nov. 16, 2017 /PRNewswire/ -- Federal-Mogul Powertrain today announced that it has completed the acquisition of UK-based clean-tech development company, "Controlled Power Technologies Ltd (CPT)". The purchase provides a timely route for Federal-Mogul Powertrain to expand into the development and manufacture of powertrain technologies for electrification and hybridization that complement the company's existing capabilities. Financial details of the acquisition have not been released. The new unit will offer its solutions under the name "Federal-Mogul Controlled Power Ltd".
Headquartered in Laindon, Essex and with a further site in Coventry (UK), CPT specializes in the development of 12V and 48V electric motor-generators for start-stop applications, mild hybridization, 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, drivability, 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, Chief Executive Officer, 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."
Some of the key product families within CPT's portfolio are:
"While internal combustion engines will continue to play a vital role for many years to come, we see hybridization and electrification of powertrains as a key enabler for vehicle manufacturers to reduce emissions," explained Rick Llope, Senior Vice President Global Sales and Corporate Strategy, Federal-Mogul Powertrain. "This acquisition will enable Federal-Mogul Powertrain 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 Co-founder and Chief Executive Officer. "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."
Federal-Mogul LLC is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.
Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors.
Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications.
Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, wipers and a range of chassis components. The company's aftermarket brands include ANCO® wiper blades; Beck/Arnley® premium OE quality parts and fluids; BERU®* ignition systems; Champion® lighting, spark plugs, wipers and filters; Interfil® filters; AE®, Fel-Pro®, FP Diesel®, Goetze®, Glyco®, Nüral®, Payen® and Sealed Power® engine products; MOOG® chassis components; and Ferodo®, Jurid® and Wagner® brake products and lighting.
Federal-Mogul was founded in Detroit in 1899 and maintains its worldwide headquarters in Southfield, Michigan. The Company has nearly 53,000 employees in 24 countries. For more information, please visit www.federalmogul.com.
*BERU is a registered trademark of BorgWarner Ludwigsburg GmbH
Federal-Mogul Powertrain Communications
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SOURCE Federal-Mogul Powertrain