GKN Pays $389M For Dana, Gertag, Volvo Joint Ventures

Law360, New York (July 28, 2011, 2:41 PM EDT) -- GKN PLC said Thursday it would buy two auto parts manufacturing joint ventures from Dana Holding Corp., Getrag KG and  Volvo Car Corp. for £283 million ($389 million).

One joint venture is Getrag Corp., a U.S. producer of rear axle units and power takeoff units owned by German-based Getrag KG and Maumee, Ohio-based Dana. The other venture is Getrag All Wheel Drive AB, a Swedish and German producer of all-wheel-drive systems and chassis parts for light vehicles owned by Dana, Getrag Corp. and Sweden-based Volvo....
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