QUERETARO, Mexico — Eaton Corporation says it has acquired the heavy- and medium-duty truck clutch manufacturing assets of Transmisiones (TSP) for an undisclosed amount.
With $10 million in sales in 2000, TSP is located in Queretaro, Mexico and has been a licensee of technology from Eaton and its predecessors since 1973.
TSP, an indirect subsidiary of DESC, S.A. de C.V. and Dana Corporation, sells its products to original equipment manufacturers and the independent aftermarket in Mexico.
The transmission business of DESC and Dana, including TTC Transmission, TREMEC and TTSP, are not involved in this transaction.
“TSP’s clutch business is well positioned in its market, and will be an excellent extension to our North American clutch operations,” says Eaton Clutch Division vice-president and general manager, DeWayne Egly.
“This acquisition enables Eaton to streamline the supply of transmissions and clutches to our Mexican customers, and provides for technological integration of clutches with other drivetrain products, which will also benefit our Mexican customers.”
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News