ATC Drivetrain (“ATC”), a leading independent remanufacturer of automotive drivetrain components headquartered in Oklahoma City, Oklahoma, announced today that is has acquired ATP Automotive Transmission Remanufacturing Specialists Limited, A.T.P. Electronic Developments Limited and ATP Holdings USA, LLC (collectively “ATP”) from ATP’s founder Alan Smart. Financial terms of the transaction were not disclosed.
ATC Drivetrain is a world leader in the remanufacturing of transmissions and engines and related components for light-, medium-, and heavy-duty vehicles.
Our services include process and salvage engineering, warranty root cause analysis and testing, machining for repair and salvage of components, as well as recycling of non-reclaimable material. ATC Drivetrain serves automotive original equipment manufacturers (OEMs) for both in-warranty and out-of-warranty products and services throughout the United States.
ATC Drivetrain combines a rich legacy of over 80 years of automotive remanufacturing with a progressive approach that is oriented toward the future of the industry.
In 2019, ATC will offer our clients an expanded geographic presence and an increased technological capacity. We will continue to improve delivery times and product quality, while pursuing opportunities to reduce both the amount of waste material and the expense of warranty fulfillment. Our efforts will result in elevated environmental standards, higher profits for our customers, and lower cost for consumers.
ATC’s future has never been brighter than it is today. We continue our pursuit of global expansion while maintaining a culture focused on providing market leading service to our customers, team members, and shareholders.