The Needle Roller Bearings business manufactures highly engineered needle roller bearings, including an extensive range of radial and thrust needle roller bearings, also bearing assemblies and loose needles, for automotive and industrial applications.
The Needle Roller Bearings business will continue to be managed by the current management team through the post-closing process of integration with JTEKT, as the Company works to determine the optimum structure for this business within the expanded JTEKT group. The Needle Roller Bearings business’ market-leading position will complement and strengthen JTEKT’s existing product lineup. The combined operation will possess an extensive global production network, spanning Asia, North America and Europe, and will serve a global tier one roster of major automotive and industrial equipment sector customers.
The transaction will ensure that JTEKT is in a position to benefit from key trends expected to drive demand growth for needle roller bearings. In the automotive sector these trends include the move to improve fuel efficiency and emissions standards, which is set to focus attention on high-quality needle Page 2 roller bearing solutions.
In addition, the combined geographical presence and customer base will allow the Company to take advantage of demand growth in major emerging markets.
Beyond the automotive sector, products for applications including industrial equipment and machine tools are also expected to experience steady demand growth.
The business will enable customers to benefit from a strengthened technical and product offering, optimized development and business processes, and expanded in-region manufacturing capabilities.