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Punch Group acquires GM Propulsion Engineering Center in Turin

7 March 2020

Punch Group and General Motors announced that Punch Group has acquired GM’s propulsion engineering center in Turin. The transaction between the two companies includes an engineering services agreement to support GM’s global product programs through the end of 2021.

The agreement ensures the ongoing viability of the engineering center and employment of its workforce, the companies said. Punch Group plans to reposition the company with developments for new market segments while continuing to provide engineering services to GM.

Since 2005, Turin served as a global center of excellence for diesel propulsion systems and electronics for GM. Employees of GM Turin are now employees of Punch Group. The two companies said they will continue to work together to ensure a smooth transition from GM to Punch Group.

Among other activities, the Punch Group is a manufacturer of driveline products for automotive markets. The Belgium-based Punch Group is fully owned by the Dumarey family. It’s origins can be traced back to 1983 when Guido Dumarey acquired New Impriver in Ghent (Belgium), a company that specialised in producing metal name-tags and the anodisation of aluminium for the automotive industry, various household applications, and the IT sector. In 2018, Guido Dumarey acquired the flywheel activities and patents of Flybrid in the UK and renamed it into PUNCH Flybrid.

Source: General Motors