JV Formed for Shock Absorber Supply in Europe
ArvinMeritor and TRW Automotive have laid out plans to form a joint venture for the distribution of aftermarket shock absorbers in Europe, with the planned operation covering all light vehicle shock absorbers both companies’ produce for the region. Operation and distribution through the joint venture is planned to commence in January.
TRW’s vice president for aftermarket in Europe and Asia Pacific, François Augnet, said in a statement that “by combining the strengths of ArvinMeritor’s engineering and manufacturing competencies and the Gabriel brand name with TRW’s extensive sales and distribution network, we are confident that we can roll out successful shock absorber programs for the European independent aftermarket.”
Malte Raddatz, ArvinMeritor’s director of Europe and Asia/Pacific communications, added that the success of the joint venture would be helped by the relative absence of overlap in the products offered by the two companies.