Managing torque

GKN has acquired a 33.3% stake in Tochigi Fuji Sangyo, a Japanese supplier of automotive driveline components, for approximately $39.2 million.

GKN has acquired a 33.3% stake in Tochigi Fuji Sangyo (TFS), a Japanese supplier of automotive driveline components, from Nissan and other major shareholders for approximately $39.2 million.

GKN also has obtained the right to acquire further shares at 415 Yen per share to bring its total potential holding in TFS to 50.4%.

TFS focuses on specialist driveline components – such as torque management devices for domestic Japanese vehicle manufacturers.

TFS and GKN’s Automotive Driveline Division have been partners for 16 years in a viscous coupling joint venture in Japan.

As a result of this investment, GKN’s Automotive Driveline Division and TFS intend to co-operate more closely on the development, engineering and sale of torque management devices and driveline related geared components to automotive original equipment manufacturers on a global basis.

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