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GKN Automotive Driveline Division (ADD) GKN’s Automotive Driveline Division (ADD) is a world leader in the design and manufacture of driveline system products with more than 37 per cent of the global market for constant velocity jointed driveshafts. ADD employs 19,000 people and operates through 34 manufacturing facilities in Europe, North America, South America and Asia. GKN ADD is part of GKN plc, a global industrial company, operating in 40 countries with activities focused on the automotive, industrial services and aerospace sectors. It has leadership positions in all of its major products and services. In 1999, sales were £4.6 billion. GKN strengthens position in Brazilian automotive market This follows the acquisition of the remaining 35% shareholding that Dana Albarus S.A. held in ATH – Albarus Transmissões Homocinéticas Ltda (ATH). The acquisition was completed on September 28th. This transaction was part of a larger, strategic agreement between GKN’s Automotive Driveline Division and Dana Corporation, implemented in January of this year. Under this deal GKN sold its European medium and heavy propeller shaft business to Dana. In return, GKN acquired Dana’s shareholding in ATH and Dana’s Constant Velocity Joint (CVJ) facility in the USA. ATH, located in Porto Alegre, Rio Grande do Sul - Brazil, manufactures Constant Velocity Joints (CVJ) and Driveshafts for front wheel and four wheel drive vehicles manufactured primarily in the Mercosur. The acquisition of ATH strengthens GKN’s strategy to develop its CVJ technology and increase its capability to provide greater support to its global customers and their subsidiaries in Brazil. The strategic agreement with Dana also provided for both companies to collaborate in a strategic alliance to design and market advanced driveline systems for all-wheel and four-wheel drive passenger cars, sports utility vehicles and light trucks. The two organisations will also collaborate to develop modular driveline assemblies containing CVJ for vehicle applications worldwide. The acquisition of the remaining shareholding in ATH is the latest in a series of similar initiatives by GKN’s Automotive Driveline Division to support its global growth strategy. This includes the acquisition of the driveshaft production line from Opel in Germany and the increase in shareholdings in companies in the South East Asia and Australia. (October 3, 2000) GKN and Nissan reach agreement on future CVJ production GKN plc announce today that they have reached an understanding with Nissan Motor Co. Ltd., that GKN will acquire the production assets of Nissan’s automotive CVJ (constant velocity joint) driveline facility at Tochigi in Japan. The Tochigi facility produces approximately 1.4 million vehicle sets of CVJ driveshafts a year. The value of the assets to be acquired by GKN is Yen 9 billion (£56 million) and GKN projects the annual sales to be Yen 16 billion (£100 million). Sarkis Kalyandjian, Chief Executive of GKN’s Automotive Driveline Division said: “This is a very significant opportunity for GKN. Not only does the Tochigi facility supply the driveshafts for almost all of Nissan’s domestic car production in Japan but the two companies will also be able to work closely together on future driveline engineering applications supporting Nissan’s Revival Plan.” The transaction is subject to final regulatory and Board approvals. (August 4, 2000)
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