Autoliv buys Sensor
STOCKHOLM, Sweden - Autoliv has bought most of the assets of Japanese airbag manufacturer Sensor Technology Co. Ltd. Sensor's Tsukuba plant, 70km north of Tokyo, supplies airbag modules, sensors and electronics, mainly for Mazda, Isuzu, Daihatsu, and Nissan. Terms were not disclosed.
PARIS - Renault will sell its Chausson Outillage subsidiary in Reims to Italian group Magnetto. The company specializes in stamping dies for large body parts. Chausson Outillage's annual sales are about FF250 million ($42 million).
Hydro acquires Acro
SAO PAULO - Hydro Aluminium Extrusion will acquire Acro, a Brazilian aluminum extruder with a plant near Sao Paulo. The company will be named Hydro Aluminium Acro. The plant makes heat-transfer tubes for South American carmakers. Hydro Aluminium is a division of Norwegian industrial group Norsk Hydro.
Crain News Service
TRW joint venture
BOLOGNA, Italy - TRW Inc. has formed a joint venture with Italian gear pump manufacturer Marzocchi Pompe Srl. The partners will build a plant near Bologna to make pumps for electrically powered hydraulic steering.
Crain News Service
CURNO, Italy - Brembo SpA will merge its two Spanish units, Brembo Iberica and Autoindustrial Urpa. The company will combine distribution while maintaining separate trademarks for its two makers of disc brakes. Brembo plans to sell its 50 percent stake in ATL, a UK aluminum-processing plant.
FRANKFURT - Krupp-Hoesch Federn has set up a joint venture with Romanian component maker Compa to produce shock absorbers. Krupp-Hoesch Federn, a subsidiary of Krupp Hoesch Automotive, will invest DM21 million ($13 million) in its 73 percent.
CANNOCK, UK - Magneti Marelli's lighting division has invested $2.3 million in a new production facility at its Cannock factory. The facility will have an annual capacity of 1.75 million headlamp lenses with a hard protective coating of silicon lacquer. The investment follows a major order from GM in the USA.
M+H buys Geiger
DETROIT - Mann+Hummel GmbH has bought US injection molder Geiger Technic Inc. of Kalamazoo, Michigan, for an undisclosed sum. James Riordan, president of Mann+Hummel's US division, said capacity would be doubled at the Geiger plant. Mann+Hummel will produce vibration-welded manifolds, made of glass-reinforced nylon 6, at the plant, starting 1999.