Announced
Completed
Financials
Tags
electric transmission assets
Completed
Friendly
Cross Border
Electronic Equipment: Other
Acquisition
vehicle electrification
Joint Venture
Private
Belgium
Majority
Synopsis
Punch Powertrain, a producer and distributor of railroad parts, and Groupe PSA, a company providing business and property related information and services, formed Punch Powertrain PSA e-transmissions, a join venture focused on affordable electrification and technology leadership, in a $218m deal. “This new venture will spearhead the industrialization of our next generation of transmissions for hybrid electric vehicles, providing broader availability of affordable electrified powertrains on global markets," Jorge Solis, Punch Powertrain CEO.
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