Punch Powertrain acquires Eindhoven-based DTI
Sint-Truiden, Belgium: 19 August 2013 - Punch Powertrain, developer and producer of automatic transmissions in Sint-Truiden, is taking over its Eindhoven-based R&D partner DTI (Drive Train Innovations). This acquisition fits within Punch Powertrain's further growth plans so as to remain on top in the growing Asian markets and meet the steadily rising demand for innovative applications (including electrical and hybrid powertrains).
The R&D department in Sint-Truiden is therefore being strengthened by the addition of DTI´s specific knowledge. The 17 employees of DTI will continue to work on projects within DTI while at the same time being progressively assigned to development projects within Punch Powertrain. For the employees of the main R&D department in Sint-Truiden, little or nothing will be changing in practice.
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