Navistar Sells Pure Power Technologies

Pure Power Technologies (PPT), a maker of diesel fuel injection systems, announced it was sold by Navistar Inc. to an investment team whose principals include the Smithfield Group and Kensington Capital Partners.

As a result, PPT said it is now an independent supplier of diesel fuel-injection systems and precision machining products and systems for medium- and heavy-duty truck applications. Terms of the transaction were not disclosed.

“Pure Power Technologies’ independence provides us with a tremendous opportunity for product diversity and growth,” said Jerry Sweetland, president and CEO of PPT. “We are now well positioned to bring our world-class diesel technologies, precision manufacturing and testing capabilities to new market segments and customers that complement our core business with related products and solutions.”

The company also announced that Navistar will continue to be a major customer, as PPT will be the truck company’s primary supplier of high-performance diesel fuel-injection systems through a 10-year supply agreement for exclusive supply of its existing product portfolio.

PPT said the company’s unique experience as an OEM insider will allow it to develop products that stay ahead of market and regulatory trends and to deliver its products that offer uncompromising quality, durability and fuel economy to its customers.

“The Smithfield Group and Kensington Capital Partners are committed to empowering Pure Power Technologies to continue to deliver capabilities and high-performance solutions that drive short- and long-term growth,” said Justin Mirro, president, Kensington Capital Partners. “Our investment team has decades of experience providing strategic and capital advisory services to suppliers in the automotive space and will leverage our collective expertise to help Pure Power Technologies achieve further market leadership.”

Pure Power Technologies has an advanced manufacturing facility in Blythewood, S.C. and a Development and Test Center in nearby Columbia, S.C.

www.purepowertechnologies.com

Related Articles

Weichai, Bosch Claim Efficiency Breakthrough
Iveco’s S-Way Truck One Year Later
Middle East Energy 2021 – Rescheduled to June
Update: Navistar Rejects Traton’s New Bid
ZF Expands Commercial Vehicle Test Track
CV Markets “Surprisingly Strong,” Says ACT
FPT Industrial Active In Marine
FPT Industrial Certified Stage 5 Engines in South Korea

Latest News

New President At Blachford Acoustics Group NA
Cat G3412 Natural Gas Gen-Set
McColl Named CEO Of Continental Hydraulics
Gotting New CEO At Wandfluh Of America
Atlas Copco’s ZenergiZe Energy Storage Systems
Cat Names New Resources VP
Daimler Unveils Fuel Cell Concept Truck, E-Strategy
China’s CV Markets Grew In Q2: ACT
Weichai, Bosch Claim Efficiency Breakthrough

Magazine Issue Archive

Diesel Progress – September 2020
Diesel Progress – August 2020
Diesel Progress International July-August 2020
Diesel Progress – July 2020
Diesel Progress – June 2020
Diesel Progress International May-June 2020
Diesel Progress – May 2020
Diesel Progress – April 2020
Diesel Progress International March-April 2020
Diesel Progress – March 2020

Login

Forgotten Password?

Haven’t got an account? Click here to register.