GKN plc is a holding company. The Company is a global engineering group. The Company operates in four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems. Its four divisions operate in automotive, aerospace and land system markets, including agricultural, construction and mining. On January 27, 2012, the Company dissolved its Driveline joint arrangement with JTEKT Corporation (JTEKT) in Rayong, Thailand, and acquired the remaining interest in GKN Driveline JTEKT Manufacturing Limited. On 30, September 2011, GKN Driveline acquired the all-wheel-drive (AWD) components businesses from Getrag KG. The Company acquired 100% interests in Getrag Corporation and Getrag All Wheel Drive AB. On September 5, 2011, GKN Land Systems acquired Stromag Holding GmbH (Stromag). On November 30, 2011, the Company sold its Engineering Services division of GKN Aerospace. In October 2012, the Company acquired Volvo Aero (the aero engine division of AB Volvo).