Atlas Ltd, formerly Atlas Gears Ltd, has informed the
stock exchanges that its parent, the US-based Fairfield
Manufacturing Company, Inc, subsequent to corporate restructuring
will now be part of Saurer AG.
Switzerland-based, Saurer is a global leader in textile
machinery and power transmission solutions with over $1.8
billion in annual revenues and 8,800 employees world-wide.
will become part of Saurer's transmission systems segment,
which also includes Graziano Trasmissioni, a global leader
in the manufacture of gears, axles, transmissions, and
complete drive line solutions for the on / off-highway
to Gary Lehman, president and CEO of Fairfield, "This
opportunity brings an exciting new perspective to our
company and will help expand our services and offerings
to our customers and markets around the world. We look
forward to becoming part of a world-class organisation
such as Saurer."
Manufacturing Company, Inc, with over 1,600 employees
world-wide is a leading global provider of gears and drives
for mobile and industrial machinery.
headquartered in Italy, has manufacturing locations in
Italy, Czech Republic, India, and China, and employs over
3,000 people. A full range of OEM product solutions include
gearboxes, transmissions, and transfer cases for on -
highway vehicles, as well as drivelines, axles, and related
gearing components for both on and off-highway vehicle
and Saurer provide a platform for Fairfield to further
penetrate the European market. In addition to the synergies
created in Europe and North America, the combined business
will be in a stronger position to further exploit market
opportunities and production bases in China and India.