Tenneco and Ohlins Racing A.B. Announce Strategic Alliance
13 January 1999
Tenneco Automotive and Ohlins Racing A.B. Announce Strategic Alliance to Develop Advanced Ride Control Systems
LAKE FOREST, Ill.--January 13, 1999--Tenneco Automotive and Ohlins Racing A.B. of Upplands Vasby, Sweden, today have announced the signing of a global technical agreement to jointly develop advanced, electronically controlled damping systems, which include shock absorbers and struts, for the automotive industry. Together, the companies will work to develop cost-effective, variable ride control systems that improve vehicle ride and handling while reducing noise, vibration and harshness.
"This strategic alliance will help formalize and focus the advanced ride control technology efforts of both companies," said Thomas E. Evans, president of Tenneco Automotive. "Our common objective is to design and develop broad-based systems that are practical, yet meet the commercial requirements of original equipment manufacturers," added Evans. Tenneco Automotive and Ohlins Racing A.B. have worked cooperatively since 1996.
"With Ohlins' race-proven technology and Tenneco Automotive's global manufacturing and technical experience, the alliance is well equipped to design advanced ride control systems," added Kenth Ohlin, president of Ohlins Racing A.B.
Ohlins Racing A.B., established in 1976, is a world leader in advanced suspension technology including development work on computerized electronic suspensions. The company is co-owned by founder Kenth Ohlin and Yamaha Motor Company Ltd., and sells its products through distributors in more than 35 countries worldwide. Ohlins equipped vehicles including bikes, snowmobiles and cars, have won more than 60 world championship titles around the world. Company clients include: the Indy Car and CART teams of Newman Haas and Chip Ganassi; Toyota and Mitsubishi rally teams; the Nissan Le Mans sports car team; the super touring car team of TRW-Volvo; and bike racing teams of Yamaha, Aprllia, Kawasaki and Ducati.
Tenneco Automotive, headquartered in Lake Forest, Ill., manufactures the world's leading ride control and exhaust management products and systems under the global brand names of Monroe(R) ride control and Walker(R) exhaust. With sales revenue of more than $3 billion, the company operates 74 facilities in 22 countries in North America, Europe, Africa, South America, Australia and the Asia Pacific Rim region. Tenneco Automotive's parent company, Tenneco , is an $8 billion global manufacturing company based in Greenwich, Conn.