Diversified manufacturer GKN Plc said Friday it has entered into exclusive discussions with Visteon to explore the possible acquisition of certain Visteon assets and liabilities in its European and South American businesses.
GKN said the potential deal relates exclusively to Visteon's driveline business which is conducted at the plants in Düren, Germany, Praszka, Poland, and Swansea, Wales. Driveline assets at Visteon’s Arbor plant, Sao Paulo, Brazil are also included.
Total revenue of these businesses is approximately $380 million.