GKN Automotive Limited

Company Profile

■URL

https://www.gknautomotive.com/

■Address

Ipsley House, Ipsley Church Lane, Redditch, Worcestershire, B98 0TL, UK

Business Overview

-GKN is a global engineering business headquartered in the UK that designs, manufactures and services systems primarily for the automotive and aerospace markets.

-In March 2018, Melrose Industries, a financial company which specializes in the acquisition of improvement of underperforming companies, was successful in a takeover of GKN for GBP 8 billion, as 52.4% of GKN’s shareholders accepted its hostile offer by the March 29 deadline, 1:00 pm local deadline. Upon the takeover, Melrose made a series of legally binding commitments in regards to the future of GKN, ensuring specific investments in research and development as well as an assurance of the company remaining headquartered in the UK.

-Upon Melrose's acquistion of GKN, Melrose restructured itself into the following operating segments:

  • GKN Aerospace
  • GKN Automotive
  • GKN Powder Metallurgy
  • Nortek Air & Security
  • Other Industrial



-GKN Automotive is a global market leader in several of its product segments. In 2018, GKN Automotive had a 47% market share in driveshafts and a 30% market share in all-wheel-drive units. GKN Automotive also has a cumulative 14% market share in electric drive systems. GKN Powder Metallurgy is also a global leader in the production of precision powder metal parts for the automotive and industrial sectors, as well as the production of metal powder.


-The former divisions of GKN that are relevant to the automotive industry are listed below:

Division Major Products Major Competitors
GKN Automotive
(consisting of GKN Driveline ad GKN ePowertrain)
-CVJ systems
-AWD systems
-Transaxles
-eDrive systems
-American Axles
-BorgWarner
-Bosch
-Dana
-Hitachi
-Hyundai WIA
-IFA Rotorion
-JTEKT
-Magna
-Neapco
-Nexteer
-NTN
-Schaeffler
-ZF
GKN Powder Metallurgy -Sintered components for engines and gearboxes
-Sintered bearings and filters
-Metal injection molded components
-Soft magnetic components for use in electric motors
-Fine Sinter
-Hitachi Metals
-Metaldyne
-Miba
-PMG Sinter
-Porite
-Sumitomo Electric Industries

Shareholders

-On March 29, 2018, Melrose Industries was successful in the takeover and acquisition of GKN. Upon its acquisition, GKN was decentralized into different operating segments now comprising a part of Melrose.

Products

GKN Driveline
CVJ systems
-Sideshaft solutions
-Fixed joints
-Interconnecting shafts
-Ball plunging joints
-SIO joints
-Monobloc tubular shafts
-Countertrack joints
-Sealing systems
-Interfaces

Transaxle solutions
-Open differentials
-Limited slip & locking differentials
 
GKN ePowertrain
eDrive electric driveline solutions
-Single-speed eAxles
-Multi-speed eAxles
-Co-axial eAxles
-Multimode eTransmissions
-eMachines
-Integrated eDrive systems

All-wheel-drive solutions
-Power transfer units
-Propshafts
-AWD couplings
-Final drive units
-Disconnects
-Twinster intelligent torque vectoring systems
-Active Connect intelligent AWD disconnect systems
-Booster all-wheel-drive systems
-Complete all-wheel drive systems for small- and medium-size vehicles

GKN Powder Metallurgy
Engine components
-Balance shaft counterweights
-Camshaft components
-Connecting rods
-Engine gears
-Injector clamps
-Main bearing caps
-Camshaft caps
-Sensor rings
-Timing drive pulleys and sprockets
-Turbo/supercharger components
-Valve cam/valve timing components
-Valve guides
-Valve seat inserts

Transmission components
-Gears
-Parking gears
-Planetary carriers
-Clutch hubs
-Clutch races
-Clutch plates
-One way clutches
-Thrust pressure plates
-Sensor rings
-Synchronizer rings
-Synchronizer hubs
-Turbine hubs
-Shift system components
-Torque converter one-way clutch races and assemblies

Body & chassis components
-ABS sensor rings
-Brake system components
-Seat adjustment components
-Seat belt components
-Passenger and pedestrian safety components
-Steering system components
-Electric power steering components
-Exhaust system components
-Gears and gear drives
-Interior application components
-Shock absorber components
-Window lift components
-Mirror and sensor mounting fixtures

Drivetrain
-Differential bearing adjuster lock nuts
-Differential bearing caps
-Differential bevel gears
-Cam rings
-Inner/outer races
-Transfer case components

Fluid technology
-Compressor components
-Gear pump components
-Planetary rotor pumps
-Vacuum pump components
-Variable vane pump components

Bearings
-Dry bushings
-Self-lubricating bearings
-Cylindrical bearings
-Distance bushings
-Double bearings
-Flange bearings
-Spherical bearings

Mechatronics
-Axial flux motor and generator components
-Electromagnetic clutch and brake components
-Heat sinks
-Linear motor components
-Radial flux motor and generator components
-Sensor components
-Solenoid components
-Transversal flux motor generator components

Materials for powder metallurgy
-High purity iron powders
-Sinter hardening and diffustion alloys
-Low alloy powders
-High-performance Ancorbond alloys

Materials for additive manufacturing
-AncorTi titanium powders
-AncorAM

History

1900 Established in Great Britain in 1900 as Great Keen &Co. by merger of Guest & Co. and The Patent Nut & Bolt Co.
1902 Name changed to Guest, Keen & Nettlefolds, PLC upon acquisition in 1902 of the screw and wire manufacturing business founded by John Sutton Nettlefold. Present name adopted in June 1986.
Aug. 2001 The demerger of the Company's industrial services businesses to Brambles Industries plc and the combination (by way of a dual listed companies structure) of Brambles industries plc with Brambles Industries Limited.
Feb. 2005 Entered into an agreement to form a new company in China with Henan Zhongyuan Engine Fittings Stock Company Limited (ZYNP).
Completed the acquisition of the 51 % equity interest that it does not already own in Velcon S.A. de C.V. (Velcon), its Mexican constant velocity joint venture.
2006 Opened a manufacturing operation in China. The new business - GKN Zhongyuan Cylinder Liner Company Limited (GKNZ) - is a joint venture between the Company, which holds 59 % of the company and Henan Zhongyuan Engine Fittings Stock Company Limited which holds 41 %.
Jan. 2007 Closed GKN Sheepbridge Stokes Ltd, the UK cylinder liner business.
Feb. 2008 Built a new production facility in Oragadam, India
Oct. 2008 GKN Driveline Torque Technology has started volume production of transmission differentials at its new facility in Pudong, Shanghai, China.
Sep. 2011 Acquired Getrag's Driveline Products Business (comprising Getrag Corporation based in U.S. and Getrag All Wheel Drive AB based in Sweden).
2012 Held a ground breaking ceremony for a new manufacturing facility for GKN Sinter Metals in Yizheng Ltd. in Jiangsu Province, China.
Apr. 2014 Acquired the entire issued share capital of Williams Hybrid Power Limited (WHP) from Williams Grand Prix Engineering Limited.
Jul. 2014 Divested remaining 50% share of Emitec (50/50 with Continental) to Continental.
Jul. 2015 Formed joint venture through the Company’s GKN Powder Metallurgy division with Hongsheng Industrial Company Ltd. to produce ferrous powders.
Mar. 2018 Melrose Industries plc was successful in its takeover of GKN plc for GBP 8 billion.

Supplemental Information 1