Linamar acquires French powertrain parts manufacturer

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Tuesday, February 15, 2011 at 11:21AM

Linamar Corporation has completed its acquisition of the assets of the Famer Group, a privately owned French manufacturer of powertrain components for the off-highway market.

"The acquisition of the Famer Group strengthens Linamar's overall presence in Europe with a focus on the European commercial vehicle and off-highway market," said Linda Hasenfratz, CEO, Linamar Corporation. "We are pleased to add Famer's talented workforce and advanced manufacturing capabilities to Linamar, and we are excited about the opportunity to establish a Linamar presence in France to support our strategy to grow with the French OEM's in both the commercial vehicle and passenger car markets."

Linamar acquired all three business units that comprise Famer Group: Famer Industrie, which specializes in large engine component machining, located in St. Romain in Gier; Famer Rivoire, specializing in gear finishing technology, located in St. Etienne, France; and Famer Transmission, focused on transmission component manufacturing, located in Montfaucon. Under the terms of the agreement, Linamar also will acquire the current Famer employees and management team.

The Famer Group is a leading manufacturer of powertrain components with a strong customer base. Linamar is a world leader in the collaborative design, development and manufacture of precision metallic components, modules and systems for global vehicle and power generation markets.

The Famer acquisition adds approximately 300 employees to Linamar's global operations along with approximately €50 million in sales.

Linamar Corporation iis made up of 4 key divisions: Manufacturing, Driveline, Industrial Commercial Energy (ICE) and Skyjack highly engineered products. The company's Manufacturing and Driveline divisions focus on precision metallic components, modules and systems for engine, transmission and driveline systems designed for passenger vehicle markets. The ICE group concentrates on similar products for on and off highway vehicle, energy and other industrial markets. The company's Skyjack division is noted for their innovative, high quality mobile industrial equipment, notably its class-leading aerial work platforms and telehandlers.

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