D&V Electronics Establishes Distribution Partnership with TME Systems
Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics, based in Woodbridge, Ontario, has established a non-exclusive strategic distribution partnership with Singapore-based TME Systems Pte Ltd. Terms were not disclosed.
“The partnership enhances our presence within Southeast Asia and leverages D&V’s reputation for leading-edge testing and diagnostic equipment utilized in the development and production of electric vehicles,” said Selwyn Joffe, chairman, president and chief executive officer.
“Expanding our global presence through commercial distribution partnerships complements our ongoing strategic growth initiatives and provides strong local support for our products and services. We look forward to working with TME systems to take advantage of the exciting opportunities in Southeast Asia,” said Bill Hardy, chief executive officer of D&V Electronics.
“With the ongoing transformation of the automotive industry, we are extremely excited to establish a partnership with DV Electronics. DV Electronics and TME Systems Pte Ltd share the same vision to expand our presence in Southeast Asia. With the rapid adoption of electric and autonomous vehicles in this region, we see immense growth opportunities for both companies,” said Ronald Soo, managing director of TME Systems Pte Ltd.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the OE, aerospace, and aftermarket. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in New York, California, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. Additional information is available at www.motorcarparts.com.