CONCORD, Ontario — Tesma International has completed its acquisition of Davis Industries. Tesma announced its intention to acquire all outstanding shares of the privately-held automotive supplier in mid-December. Terms of the transaction were not disclosed.
According to Tesma, Davis’ main product focus, in the area of stamped powertrain components and assemblies, will complement and broaden Tesma’s current product offerings and customer base.
Davis employs more than 700 people in three manufacturing facilities located in Indiana and Tennessee. The company also has one engineering center in Michigan. Davis’ product line includes driveplate assemblies, transmission shells and oil pan assemblies, engine valve covers, other powertrain stampings and assemblies, heat shields, body and chassis stampings and fuel filler door assemblies.
Tesma is a global supplier of highly-engineered powertrain components, modules and systems for the automotive industry. With the completion of the Davis acquisition, Tesma currently employs more than 5,500 employees in 26 manufacturing facilities in North and South America, Europe and Asia, and five focused tooling, design and R&D centers supporting three principal product technology groups: Tesma Engine Technologies, Tesma Transmission Technologies and Tesma Fuel Technologies.
For more information on Tesma, go to: www.tesma.com.
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