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Industry News
Federal-Mogul Acquires Daros Group
Federal-Mogul has acquired the Daros Group, a privately-owned supplier of high technology piston rings for large-bore engines used in industrial energy generation and commercial shipping, with operations in China, Germany and Sweden. Details of the transaction have not yet been disclosed.
The Daros Piston Ring business adds 220 employees to Federal-Mogul’s global operations. After the Daros business is integrated into Federal-Mogul, industrial piston rings will be sold under the Federal-Mogul Goetze and Daros brands according to their respective market presence and engine type.
The acquisition enhances Federal-Mogul’s position in the industrial piston rings market by creating an extensive portfolio of two-stroke and four-stroke piston ring products.
Industrial piston rings vary in size from approximately 145 mm up to 980mm. The rings are used mainly in large engines with a power output up to more than 100,000 kW for power generation in commercial ships like container vessels, super tankers and bulk carriers.
For more information: www.federalmogul.com
Wednesday, June 16, 2010
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DIESEL & GAS TURBINE WORLDWIDE
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