Tier-One supplier Federal-Mogul Powertrain has announced that it has completed the acquisition of UK-based clean-tech development company, ‘Controlled Power Technologies Ltd (CPT)’.
With Federal-Mogul Powertrain looking to expand into the development and manufacture of electric and hybrid powertrain technologies, the acquisition of CPT has allowed for that process to be accelerated. The new unit will operate under the name ‘Federal-Mogul Controlled Power Ltd’. The new entity will be headquartered in Laindon, Essex, with a further site in Coventry (UK).
CPT 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. These provide powertrain manufacturers with fuel economy improvement, drivability, performance enhancement and emissions reduction measures suitable for a wide range of applications including passenger cars, commercial vehicles and industrial engines.
“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,” said Rainer Jueckstock, chief executive officer, 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 offers a range of products within the EV and hybrid component market, including its SpeedStart and SpeedTorq family of motor-generators, its liquid-cooled electric superchargers for medium to heavy-duty applications, and a range of energy recovery systems, which recuperate energy from exhaust gasses to generate electricity.
“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,” explained Rick Llope, senior vice president Global Sales and Corporate Strategy, 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.”
“CPT is at a stage where we have a range of proven technologies that are well-aligned with the growing need for emissions reduction,” added Nick Pascoe, Controlled Power Technologies co-founder and chief executive officer. “With Federal-Mogul Powertrain, we have the support of a highly-regarded global Tier 1 supplier that has the resources, reach and expertise to bring them into volume production.”