Delphi gets radio deal
PORTLAND, Ore. - Freightliner Corp. selected Delphi Delco Electronics Systems as the sole supplier of radios for Class 8 trucks. Delphi, a unit of Delphi Automotive Systems Corp. of Troy, Mich., will supply XTA receivers, which are designed for heavy-duty vehicles. All radios will be equipped with a weather band to help drivers monitor road conditions.
DETROIT - Delphi Automotive Systems Corp. has formed a joint development and supply agreement with AlliedSignal Truck Brake Systems, a unit of AlliedSignal Inc. of Morris Township, N. J., to develop and manufacture a new generation of Bendix antilock braking systems for the heavy-truck market. Electronics for the new system, to be marketed by AlliedSignal in early 2000, will be supplied by Delphi Delco Electronics Systems.
LAKE FOREST, Ill. - Tenneco Automotive plans to acquire an Australian company that has developed anti-rollover technology for light- and heavy-duty vehicles. Shareholders of Kinetic Ltd., a suspension engineering company in Dunsborough, Western Australia, have agreed to accept the offer, which is valued at about $35 million. Tenneco Automotive of Lake Forest, Ill., expects to make the acquisition final by the second quarter of 1999.
UNITS FOR SALE
LONDON - LucasVarity PLC plans to sell its wiring systems business as it prepares to merge with TRW Inc. of Cleveland. The decision, approved by TRW, follows a strategic review that concluded that while profitable, the wiring business was not a core business to London-based LucasVarity. The groups to be sold include Lucas Rists and a 50 percent stake in Lucas SEI Wiring Systems.
CHICAGO - Johnstown America Industries Inc. of Chicago reported that it has agreed to acquire Imperial Group Inc., a supplier of body and chassis components for heavy-duty trucks. Portland, Tenn.-based Imperial had sales last year of $80 million. Terms of the sale were not disclosed.
CASTING FIRM SOLD
STURTEVANT, Wis. - Ganton Technologies Inc., a minority-owned company based here, plans to acquire Diemakers Inc., a casting company. Diemakers, of Monroe City, Mo., operates three magnesium, zinc and aluminum die casting plants in northeastern Missouri, and last year posted sales of $95 million. Terms were not disclosed.