Canada Linamar Corporation is pleased to announce that it has entered into a definitive agreement to acquire the Remscheid and Penzberg facilities of Winning BLW. This strategic transaction further expands Linamar’s product portfolio and manufacturing capabilities, adding approximately $200 million CAD in annualized revenue and further strengthening the company’s global footprint.
The Remscheid facility is a leader in mass production of high-performance precision bevel and intermediate gears for the light vehicle market, while the Penzberg facility specializes in helical gears and high-precision components serving the commercial and off-highway sectors.
Through these acquisitions, Linamar significantly expands its forging expertise to include warm forging, expanding its already significant offering of precision gears to include precision bevel and helical gears as well as small to medium sized-drivetrain and transmission components. The additions further secure Linamar’s already globally leading position in designed and machined gears, deepens its forging expertise, and reinforces its vertically integrated manufacturing model.
Linamar Executive Chair Linda Hasenfratz said, “The acquisition of warm forging capability, and notably the expertise in bevel and helical gears, is a huge win for us at Linamar. We have long been recognized as a global leader in the multi billion dollar gear market and this just deepens that capability to drive growth with our customers in both light vehicle and commercial vehicle markets.”
Linamar CEO and President, Jim Jarrell, said “These acquisitions are a great strategic fit for Linamar. They strengthen our technology and manufacturing capabilities in products where we are already strong, deepen relationships with key global customers, and position us for continued growth by increasing our content per vehicle across multiple markets.”
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