SEATTLE, Wash. — GT Development and Norgrens Global Truck Group have combined forces in a new business unit called Global Vehicle Technologies (GVT), an international developer of products for heavy-duty truck cab/chassis and powertrain applications.
Though fleets and owner/operators have been using GT Development and Norgren products for years, most havent realized it, the company says. Our products dont carry our name and arent usually visible to truck operators, said Mike Bozich, GVT president. Integral parts we design and manufacture are in all heavy-duty trucks today and are often mission-critical to their safe and efficient operation.
GVT, the new operating division of Chicago, Ill.-based Norgren, offers fluid and motion control products to commercial vehicle OEMs and Tier 1 and Tier 2 suppliers. GVT provides problem-solving engineering expertise and components in powertrain, chassis/cab, braking systems, fuel systems and suspension/driveline operations.
Our new name, product mix and added engineering capability reflect our commitment to worldwide markets and our continuing emphasis on the needs of commercial vehicle manufacturers and their customers, Bozich said.
Seattle-based GT Development was acquired in 2005 by United Kingdom-headquartered engineering company IMI and integrated into Norgren, its largest business unit. GVT is projected to generate a significant share of Norgrens revenue in 2006, estimated at $1 billion by Credit Suisse. GVT employs about 800 people worldwide, including 200 in the Seattle headquarters. Norgren accounted for more than $900 million of IMIs sales of $2.5 billion in fiscal year 2005, according to IMI.
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