GETRAG B.V. & Co. KG Business Report FY ended Dec. 2017
Recent Years
Financial Overview
-In the fiscal year ended December 31, 2016, the Company's sales turnover was approximately USD 1,985 million.
-The Company sells more than four million transmissions per year.
Acquired by Magna International
-On January 2016, Magna International Inc. announced that it completed its acquisition of the Company. (From a press release on January 4, 2016)
-In July 2015, Magna International announced that it signed an agreement to acquire the Company for approximately EUR 1.75 billion. The Company develops and manufactures a range of transmission systems which include manual, automated-manual, dual-clutch, hybrid and other advanced systems. Including joint ventures , the Company has approximately 13,500 employees and operates 13 manufacturing and 10 engineering centers in nine countries in Europe, Asia and North America. The transaction closed in January 2016. (From a press release on July 16, 2015)
Joint Ventures
-On April 6, 2016, Dongfeng Getrag Transmission Co., Ltd., the Company’s joint venture with Dongfeng Motor, began mass production of its 6DCT150 dual clutch transmissions in Wuhan. The 6DCT150 were jointly developed by the Company and Dongfeng Motor. Currently, the facility is capable of producing 30,000 units of this transmission, which was developed in-house. Cumulative sales are expected to reach 500,000 units by 2019. Long-term, the Company is planning to increase its annual capacity to 1 million units, and to establish an independent transmission R&D center. (From news releases issued by multiple sources on April 7, 2016)
Recent Developments
-In February 2015, the Company began production of the new 7DCT300 dual-clutch transmission. The Company supplies European customers with the new transmission from its plant in Neuenstein, Germany. Starting in 2017, the transmission will be produced in China for the Company’s Asian customers. The 7DCT300 will be initially used in the new Renault Espace, with additional models and brands to follow. Based on a new, modular platform, the 7DCT300 is designed for a maximum torque of 300 Nm. Its use enables power consumption of under 40 W to be achieved – less energy than a light bulb and 3.5% more efficient than second generation DCTs. Hybrid versions of the transmission can be used in vehicles without major changes in installation space, starting in 2018. (From a press release on February 13, 2015)
Contracts
-The Company provided the six-gear manual and six-gear dual clutch transmissions for the S-MAX Vignale. Getrag Ford Transmissions, a joint venture between the Company and Ford, developed and produced this transmission. (From a press release on September 6, 2016)
-The Company is supplying two new manual transmissions for the third generation of the Mini. They are designed for the new generation of BMW engines which are characterized by higher torque and lower consumption. One key feature of the transmissions is the torque capacity in relation to the weight, which is approximately 15% higher compared to previous manual transmissions. They are designed for maximum torques of 220 and 360 Nm. Thanks to a new main bearing holder and functions integrated into the housing, some 30 components have been eliminated. Production of both transmissions could be assigned outright to the Rosenberg plant in Germany. To meet the higher production volumes, the Company is investing a total of EUR 45 million in expanding the site. (From a press release on June 11, 2014)
Awards
-The Company announced that it has obtained the 2015 "Prix de l'innovation Renault-Nissan" award for its new dual-clutch 7DCT300 transmission. The Company started production of the 7DCT300 in February 2015. The company supplies European customers with the new transmission from its plant in Neuenstein, Germany. The transmission will also be produced in China for the Company’s Asian customers starting in 2017. (From a press release on June 23, 2015)
Outlook through 2020
-The Company expects to increase its total transmission production volume from four million units in 2015 to six million units by 2020. Similarly, the Company expects to increase its turnover from EUR 3 billion currently to EUR 5 billion in 2020.
R&D Structure
-The Company has approximately 1,700 employees working in product development across five development centers across Europe, North America, and Asia.
R&D Facilities
-The Company has announced the opening of a new sales and product development office in Munich, Germany. The new location enables the Company to be closer to the BMW Group. (From a press release on January 27, 2016)
Product Development
Hybrid dual-clutch transmissions displayed at IAA 2015
-At IAA 2015, the Company displayed various hybrid dual-clutch transmissions. Both mild hybrid and plug-in hybrid versions of the 7HDT300 transmission were shown. The e-machine in the hybrid transmission is installed within the housing and connected by a single gear set to a sub-transmission. In doing so, this allows a smaller high-speed e-machine, which reduces weight and is more cost effective. The mild 7HDT300 hybrid achieves fuel savings of approximately 15% to 22% compared to a conventional transmission, while the plug-in hybrid version provides fuel savings of up to 80%. The Company also showcased the mild hybrid version of the 6HDT200, a dual-clutch transmission for use in smaller vehicles. Its compact design emphasizes its effectiveness in smaller vehicles. (From a press release on September 16, 2015)
Dual-clutch transmissions displayed at IAA 2015
-At IAA 2015, the Company presented its third-generation of dual-clutch transmissions with the 7DCT300, 6DCT150, and 6DCT200. The transmissions feature wet dual-clutches with on-demand smart hydraulic actuation. The on-demand hydraulic actuation system uses significantly less power than a permanently driven oil pump. (From a press release on September 16, 2015)
Investment Outside Germany
-The Company will produce its new dual-clutch 7DCT300 transmission not only in Germany and China but also in Modugno, Italy. The plant will be expanded by approximately 8,000 square meters to accommodate the new product. The Company will invest more than EUR 100 million for the expansion and new production facilities. Production of the new transmission will begin in early 2018. The Modugno plant has 800 employees and already produces the low torque dual-clutch transmission 6DCT250. (From a press release on April 9, 2015)