Corteco Partners with Sercore to Offer Electric Power Steering Technology to the Automotive Aftermarket
Milan, Ohio (PRWEB) May 08, 2014 -- To meet the growing demand for servicing Electric Power Steering (EPS) systems, Corteco, the aftermarket business of Freudenberg-NOK Sealing Technologies, has partnered with Sercore Tech S.L. of Madrid Spain, in an exclusive distributor agreement. The new partnership reinforces Corteco’s commitment to be the “Solution Provider” for the power steering aftermarket, making it as easy as possible for customers to adopt new and advanced technologies that improve their business.
The partnership will allow Corteco to offer new diagnostic equipment and technology to address the growing aftermarket demand for electric power steering as it replaces traditional hydraulic power steering systems. The growth of electric power steering is due to more stringent fuel consumption requirements and advances in driver assistance steering systems. Forecasts for the year 2020 estimate 50% of the world’s vehicle production (approximately 85 million units) will utilize EPS, compared to 30% of the world’s vehicle population in 2003 (20 million units).
Corteco is now sole distributor of Sercore’s patented Vehicle Emulation and Diagnostic System (VCarSys), a diagnostic device that simulates the electronic communication signals between systems in a vehicle during different driving conditions and allows for diagnosis of electronic systems not mounted in a vehicle.
In addition to providing the VCarSys for diagnostic and emulation purposes, Corteco will now provide high-quality remanufactured EPS systems, and EPS rebuild kits. This complete product offering will provide customers and distributors with the ability to quickly enter and service the new EPS market by offering them multiple solutions, depending on their comfort level. “We’re excited about our partnership with Sercore,” said Jason Meier, CEO for Corteco. “They’re a technology leader in EPS which complements our EPS product offering for most European and some U.S. applications, with more in development,” added Meier.
“The whole team feels very proud that Corteco has chosen Sercore as a partner for this big project. We have worked hard for many years to research and develop new EPS remanufacturing processes in order to be at the forefront of this new steering product line. We’re confident that Corteco is our best possible partner for the present and the future,” said Juan Iglesias Owner, Sercore Tech S.L.
Corteco is a division of Freudenberg-NOK Sealing Technologies (Freudenberg-NOK) the Americas joint venture between Freudenberg & Company of Germany and NOK Corporation in Japan. Founded in 1989 under the legal name Freudenberg-NOK General Partnership, Freudenberg-NOK is a leading producer of advanced sealing and elastomeric technologies for a variety of industries including automotive, aerospace, appliance, diesel engine, agriculture, construction, heavy industry, and alternate energy, among others. Freudenberg-NOK’s TransTec® brand transmission and power steering kits are manufactured by Corteco in Milan, OH, USA.
For more information on Corteco, please visit http://www.corteco-na.com.
Tim Knudsen, Knudsen, Gardner & Howe, Inc., +1 (216) 235-2597, [email protected]
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