Southfield-based automotive supplier and developer Federal-Mogul Powertrain today announced the acquisition of United Kingdom-based clean technology development company Controlled Power Technologies (CPT).
The purchase allows Federal-Mogul Powertrain to better develop and manufacture powertrain technologies for electrification and hybridization that complement the company’s existing capabilities. Financial details of the deal were not disclosed.
“The acquisition of CPT significantly expands the scope of Federal-Mogul Powertrain’s business, providing our customers with an exciting new range of electrification technologies that are ready for integration with their development programs,” says Rainer Jueckstock, CEO of Federal-Mogul Powertrain.
“Stringent emissions targets can only be met through a combination of improved efficiency of combustion engines with measures like reduced internal friction or advanced combustion strategies as well as through further electrification of the powertrain. With the acquisition of CPT, Federal-Mogul Powertrain now has access to leading technologies in each of these areas.”
CPT is headquartered in Essex, with an additional site in Coventry, and specializes in the development of 12V and 48V electric motor-generators for start-stop applications, mild hybridization, exhaust-driven electrification technologies, e-boosting for combustion engines, e-compressors for fuel cells and similar products.
The components provide powertrain manufacturers with fuel economy improvement, drivability, performance enhancement, and emissions reduction measures suitable for passenger cars, commercial vehicles, and industrial engines.
“While internal combustion engines will continue to play a vital role for many years to come, we see hybridization and electrification of powertrains as a key enabler for vehicle manufacturers to reduce emissions,” says Rick Llope, senior vice president for global sales and corporate strategy for Federal-Mogul Powertrain. “This acquisition will enable Federal-Mogul Powertrain to offer electrified powertrains, further strengthening our position as a key development partner for our customers.”