AUBURN HILLS, Mich., Oct. 17, 2016 /PRNewswire/ -- FEV North America, Inc. (FEV) announced today that it has acquired a 51-percent stake in automation and testing products maker TrigTec. The acquisition was completed on Sept. 20, and stipulations are in place that could allow FEV to expand its future ownership share up to and including full ownership. Patrick Hupperich, president and CEO of FEV North America, Inc. made the announcement.
The Redford, Mich.-based TrigTec serves the industrial market with products that provide in-process manufacturing related testing capabilities, along with creating automated systems for plant processes. The acquisition provides FEV with additional exposure to in-process testing, which complements the Company's extensive portfolio of testing capabilities offered by its Testing Solutions division.
"FEV's industry leading Software & Testing Solutions unit engineers and deploys turnkey testing solutions. We design and deliver test facilities that are commissioned with equipment from our field-proven product line including dynamometers, conditioning systems, instrumentation, and our popular data acquisition and control system, Morphee Software Suite," said Hupperich. "FEV Software & Testing Solutions cover a broad range of applications and industries including combustion engines, transmission, turbines, e-motors, hybrid powertrain, and hot and cold testing, among others, while addressing all phases of the product development cycle from simulation and hardware-in-the-loop through end-of-line hot testing."
By adding TrigTec's capabilities under the FEV brand, we are able to extend that brand further into the production process and leveraging that exposure into the ability to provide more production-related solutions to customers around the world. TrigTec's proven production resources coupled with its seasoned engineering resources and established customer relationships will help FEV extend its product offerings to both TrigTec and FEV customers."
The TrigTec team has worked together for over 25 years, providing engineering design and manufacturing services to industrial manufacturing customers that meet the most demanding requirements. In addition to engineering, its capabilities include fabrication, machining, and integration of all components.
"We see this agreement as beneficial to both parties," mentioned Steve Kravis, president and minority owner of TrigTec. "The benefit that we gain from leveraging FEV's international footprint will help TrigTec's business to expand and give us access to new markets that we otherwise would have found difficult to expand into."
By entering into the agreement, TrigTec gains access to FEV's global footprint, providing the Company with an opportunity to significantly expand its market presence. Combined, the two companies are well positioned as a true, full-service, global test field design and development provider.
About FEV Group
The FEV Group is an internationally recognized powertrain and vehicle engineering company that supports the global transportation industry. FEV offers a complete range of engineering services, providing support across the globe to customers in the design, analysis, prototyping, powertrain and transmission development, as well as vehicle integration, calibration and homologation for advanced internal combustion gasoline-, diesel-, and alternative-fueled powertrains.
FEV also designs, develops and prototypes advanced vehicle / powertrain electronic control systems and hybrid-electric engine concepts that address future emission and fuel economy standards. The company has expanded its engineering capabilities to include full vehicle systems and now offers broad expertise in electronics, telematics and infotainment system engineering. The FEV Testing Solutions division is a global supplier of advanced test cell, instrumentation and test equipment. The FEV Group employs a staff of over 4,000 highly skilled specialists at advanced technical centers on three continents. FEV North America, Inc. employs over 450 personnel in its North American Technical Center in Auburn Hills, MI. For more information, visit www.fev.com
TrigTec serves the industrial market with automation and test products that are constructed to meet the most demanding requirements. We stand by our products with the talent of a design and manufacturing group that has worked together for over 25 years. We are an internationally recognized group of engineers and technicians with years of education and over three decades of practical experience developing the automotive manufacturing industry. Our goal is to be your preferred design and technical support team that delivers value every time.
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SOURCE FEV North America, Inc.