The businesses include Getrag Corporation, a joint venture with Dana Corporation based in the United States, and Getrag All Wheel Drive AB, a joint venture with Dana Holding Corporation and Volvo Car Corporation based in Sweden.

The core businesses, which operate in the U.S. and Europe, include the Tier 1 supply of geared driveline products, namely power transfer units (PTU) and rear drive units (RDU) for AWD vehicles, along with final drive units (FDU) for high performance rear wheel drive vehicles. Current activities also target the future supply of transmission and axle products for hybrid and electric vehicle drivetrains. They will be integrated into GKN Driveline.

"This acquisition is a significant step forward for Driveline, accelerating our strategy for growth in AWD systems and hybrid/electric drivetrains,” said Nigel Stein, CEO of GKN Driveline. “Production of AWD vehicles is forecast to grow at above market rates, reflecting increasing demand globally for crossover vehicles and compact SUVs. Combining our engineering and technology resources will strengthen our ability to provide customers with leading-edge technology, fuel-efficient solutions and to develop next-generation drivelines.”

GKN is also acquiring an exclusive licence, principally for Europe and the Americas, to Getrag’s electric drivetrain technology for use in electric and certain hybrid vehicles.