Motorcar Parts of America (MPA) today announced it has acquired D&V Electronics, an Ontario, Canada-based company in a stock purchase transaction. Terms were not disclosed.
“The acquisition of D&V Electronics enhances Motorcar Parts of America’s ongoing commitment to innovation, quality and industry leadership. D&V Electronics’ innovative engineering team and world-renowned customer base along with its advanced technology provide a platform to test alternators and starters, as well as the increasing electrification of vehicles and their components. We look forward to supporting D&V Electronics to enhance its significant research and development capabilities and expand its market position and product portfolio to capitalize on future growth opportunities,” said Selwyn Joffe, chairman, president and chief executive officer of MPA.
Industry sources estimate the global automotive testing market is approximately $5.4 billion per annum, enhanced by the ever-increasing complexity of automotive systems.
D&V said that Motorcar Parts of America’s investment will provide the opportunity to grow its existing business and develop new investigative tools for use by technology developers and manufacturers of vehicle electrification products.
“This is a very exciting time for D&V, as the investment will allow D&V to build on the legacy of our founder Dr. Voiko Loukanov and his vision of building world class testing systems. We look forward to providing our clients with additional insight into the rapidly changing field of vehicle electrification,” said Kalina Loukanov, executive director of D&V Electronics.
About D&V Electronics
Founded in 1997, with customers in more than 90 countries, D&V Electronics designs and manufactures leading edge test equipment for performance, endurance and production testing of electric motors, inverters and belt starter generators for the EV/HEV industry. D&V is the leading supplier of testing equipment for the alternator and starter industry worldwide -- offering a comprehensive collection of testing equipment for OEM’s, Tier One suppliers and the aftermarket. Additional information is available at www.dvelectronics.com.
About Motorcar Parts of America
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in California, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. Additional information is available at www.motorcarparts.com.
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