Visteon Completes Acquisition of AllGo Systems

Visteon Corporation has announced the completion of its acquisition of AllGo Embedded Systems Pvt. Ltd., an India-based leading supplier of embedded multimedia and smartphone connectivity software solutions to the global automotive industry. The two companies initially announced plans for the transaction on Jan.12. The business acquired from AllGo supports Visteon’s global vehicle cockpit electronics business and enables […]

Dexter Axle Completes Acquisition of AL-KO Vehicle Technology to Form DexKo Global Inc.

The Sterling Group, a middle market private equity firm, has announced that its portfolio company, Dexter Axle, completed the acquisition of AL-KO VT. The combined companies have been renamed DexKo Global Inc. The acquisition and the formation of DexKo Global Inc. creates the global leader in trailer axle and chassis supply with sales approaching nearly […]

Intel Completes Acquisition of Altera

Intel Corporation (“Intel”) has recently announced that it has completed the acquisition of Altera Corporation (“Altera”), a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel’s leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments. “Altera is now part of […]

Visteon Completes Sale of Ownership Interest in Halla Visteon Climate Control Corp. to Hahn & Co. and Hankook Tire

Visteon Corporation has completed the sale of its approximately 70 percent ownership interest in Halla Visteon Climate Control Corp. (HVCC) to an affiliate of Hahn & Company, and Hankook Tire Co. Ltd., for approximately $3.6 billion or 52,000 KRW/share. Visteon also announced it will commence a shareholder capital return program in the second quarter of […]

Valspar Completes Acquisition of Performance Coatings Businesses from Quest Specialty Chemicals

The Valspar Corporation today announced that it completed the previously announced acquisition of the performance coatings businesses of Quest Specialty Chemicals, Inc., which include automotive refinish and industrial coatings. The acquired businesses had 2014 sales of approximately $190 million. Financial terms were not disclosed. “We’re excited to welcome the Quest team into the Valspar family […]

ZF Completes Acquisition of TRW Automotive

ZF Friedrichshafen AG, a global leader in driveline and chassis technology, and TRW Automotive Holdings Corp. (NYSE: TRW) announced today that the companies have completed the transaction under which ZF has successfully acquired TRW. TRW will be incorporated into ZF as a new division called Active & Passive Safety Technology. The combined company operates under […]