SHW AG sells stake in STT Technologies Inc.

October 8, 2012

October 8, 2012

SHW AG has reached an agreement with its joint venture partner for the sale of its 50% stake in STT Technologies Inc., based in Concord, Canada.


SHW use powder metallurgy parts in a

wide range of automotive products

STT was a joint venture between MAGNA Powertrain Inc. and SHW Automotive GmbH founded in 1996. The company develops and supplies proprietary oil pumps for North American engine and transmission applications.

The final sale price has not been announced, however it is stated to be in the mid double-digit € million range. The closing of the transaction is planned at the end of October 2012.

With the sale of its joint venture stake SHW gains free access to the North American market. “We still consider the North American vehicle market as very interesting. Based on our CO2-relevant products we see good growth opportunities there,” stated CEO Dr. Wolfgang Krause, who is responsible for the Pumps and Engine Components business segment.  

Posted by: Paul Whittaker, Editor, [email protected]   

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

October 8, 2012

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link