FEV acquires D2T Powertrain Engineering from IFP Investissements
The acquisition of the French test systems and engineering service provider extends the company’s engineering capacity and expands its product and service portfolio
Aachen/ Paris, March 24, 2015 – FEV GmbH, headquartered in Aachen, Germany has announced the acquisition of French test systems and engineering service provider D2T Powertrain Engineering S.A. This action was announced by the management boards of both companies. FEV GmbH takes over the business of D2T in France, its subsidiaries in Germany, China, the U.S. and interests in South Korea and Japan.
Through this strategic expansion, FEV, a leading provider of engineering services for powertrain and vehicle technologies expands its expertise in the test systems business area, in particular. "D2T not only offers products and services which fit seamlessly into our portfolio," explains Prof. Stefan Pischinger, president and CEO of the FEV Group, "but our continuing international expansion will also benefit from D2T’s global subsidiaries." The acquisition represents an extension of FEV’s worldwide testing and development resources to meet growing demands in its various geographic operating regions.
Strategic Growth of Test Systems Business
"Following the expansion of our electronics and automotive engineering competence with the acquisition of DGE Inc. in 2013, we see this acquisition as an opportunity to significantly grow our Test Systems as well as engineering divisions internationally," explained Pischinger. "The acquisition of D2T will enable us to serve our customers even more comprehensively in the future." The strategic acquisition is complementary with a worldwide expansion of FEV's capabilities. A new test and development center is currently being built in Beijing, China, and the durability test center (DLP) in Brehna, Germany and the company’s headquarters in Aachen are also being gradually extended.
IFP Investissements sees this acquisition of D2T as supportive in terms of meeting future challenges
“As a leading service provider, FEV has already demonstrated its expertise in the development and use of diverse powertrain technologies. We are delighted that D2T has found in FEV a strong, innovative partner with its own global network and renowned clients", comments Eric Lafargue, IFP Investissement’s CEO.
D2T – headquartered in Trappes, France -- is a 100 % affiliate to IFP Investissements. D2T employs more than 450 people worldwide. D2T’s customers include distinguished OEMs and suppliers of the automotive, commercial vehicle, marine and aviation industries, as well as oil companies and research and development institutions.
The FEV Group with headquarters in Aachen, Germany, is an internationally recognized development service provider for drive and vehicle technologies. The company offers its global transport industry customers a complete range of engineering services, providing support in the design, analysis and prototyping for powertrain and transmission development, as well as vehicle integration, calibration and homologation for advanced internal combustion gasoline-, diesel-, and alternative-fuelled powertrains. FEV's competencies also include design, development and prototyping of innovative vehicle concepts, powertrain electronic control systems and hybrid-electric engine concepts that address future emission and fuel economy standards. The Test Systems division is a global supplier of advanced test cell, instrumentation and test equipment. The FEV Group employs a staff of over 3,300 highly skilled specialists at advanced technical centres on three continents.
About IFP Investissements
IFP Investissements is IFP Energies nouvelles industrial’s investment holding company. IFP Investissements supports the companies in their portfolio through every stage of their growth, supports innovation and creates new industrial subsidiaries.