Announced
Synopsis
Detroit Manufacturing, a contract manufacturer, Android Industries, an innovative complex automotive assembly and supply chain solutions provider, and Avancez, a supply chain solutions provider, agreed to form Voltava, a joint venture that will unify the complementary strengths of three established automotive leaders and deliver an enhanced value proposition to its customers through stronger financial capacity and operational scale. Financial terms were not disclosed. “The transformational combination of DMS, Android and Avancez represents a significant milestone for all three companies and the customers we serve. We are bringing together highly complementary businesses and corporate cultures to form a premier, global supplier partner to deliver unparalleled value to our customers worldwide while fostering an environment of collaboration, social responsibility, respect, diversity, accountability and excellence," Bruce Smith, Voltava CEO.
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