Hall Visteon Climate Control Corp (HVCC), a full-line automotive supplier of climate systems and components and a 70-percent owned subsidiary of Visteon Corporation
05 Aug 2014 | 2724 Views | By Autocar Pro News Desk
Hall Visteon Climate Control Corp (HVCC), a full-line automotive supplier of climate systems and components and a 70-percent owned subsidiary of Visteon Corporation, has completed the acquisition of the automotive thermal and emissions product line of Cooper-Standard Automotive Inc, a subsidiary of Cooper-Standard Holdings, in a cash transaction valued at ...
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Hall Visteon Climate Control Corp (HVCC), a full-line automotive supplier of climate systems and components and a 70-percent owned subsidiary of Visteon Corporation, has completed the acquisition of the automotive thermal and emissions product line of Cooper-Standard Automotive Inc, a subsidiary of Cooper-Standard Holdings, in a cash transaction valued at $46 million (Rs 280 crore). The acquisition plan was first announced on June 30.
“We are pleased to have completed this acquisition, which provides HVCC with additional technologies that have a solid reputation, and that strengthen our ability to provide thermal energy management systems and modules to support customers’ global platforms,” said Y H Park, HVCC president CEO.
HVCC says the thermal and emissions product line acquired from Cooper Standard supports its focus on delivering fuel-efficient thermal energy management solutions to automakers. Products acquired include exhaust gas recirculation modules (EGRs), electronic coolant pumps and valves, electronic wastegate actuators and electronic throttle bodies.
HVCC’s existing products include HVAC, compressors, powertrain cooling, fluid transport, and electric, hybrid and fuel cell vehicle thermal systems. With 35 manufacturing sites supported by four global technical centres in 19 countries, HVCC currently employs nearly 14,500 people.