M&A Deal Summary

Ford Motor Acquires Volvo Car

On February 4, 1999, Ford Motor acquired automotive company Volvo Car from Volvo for 6.5B USD

Acquisition Highlights
  • This is Ford Motor’s 2nd transaction in the Automotive sector.
  • This is Ford Motor’s largest (disclosed) transaction.
  • This is Ford Motor’s 1st transaction in Sweden.
Investment Fate
  • Volvo Car was divested to a consortium of strategic buyers in 2010 for 1.8B USD.

M&A Deal Summary
Date 1999-02-04
Target Volvo Car
Sector Automotive
Buyer(s) Ford Motor
Sellers(s) Volvo
Deal Type Divestiture
Deal Value 6.5B USD

Target

Volvo Car

Gothenburg, Sweden
Volvo Car Corp. is a Swedish automobile manufacturer. Volvo develops, manufactures, markets, sells, and services in cars.

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Buyer(S) 1

Buyer

Ford Motor

Dearborn, Michigan, United States
Category Company
Founded 1903
Sector Automotive
Employees173,000
Revenue 176.2B USD (2023)
DESCRIPTION
Ford Motor Company's corporate headquarters in Dearborn, Michigan.
Ford Motor Company's corporate headquarters in Dearborn, Michigan.

Ford Motor produces and sells automobiles under the Ford and Lincoln brands. In addition to the products Ford sells to dealerships for retail sale, the Company also sells vehicles to dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. Ford Motor also sells parts and accessories, primarily to dealerships and to authorized parts distributors. Through its dealerships, Ford Motor also offers extended service contracts to retail customers. Ford Motor was founded in 1903 and is headquartered in Dearborn, Michigan.

DEAL STATS #
Overall 3 of 12
Sector (Automotive) 2 of 3
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (1999) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Kwik-Fit

Herts, United Kingdom

Kwik-Fit, established in 1971, is an independent tire retailer with Europe’s largest service point network comprising 1,218 directly-managed tire fitting centres in the UK, France and Holland.

Buy £1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-28 Visteon

Van Buren Township, Michigan, United States

Visteon is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers. The Company has an international network of manufacturing operations, technical centers and joint venture operations. Visteon was founded in 2000 and is based in Van Buren Township, Michigan.

Sell -

Seller(S) 1

SELLER

Volvo

Gothenburg, Sweden
Category Company
Founded 1915
Sector Manufacturing
Employees91,265
Revenue 552.8B SEK (2023)
DESCRIPTION

Volvo is a Swedish multinational manufacturing company. Volvo's principal activity is the production of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems. Volvo was incorporated in 1915 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 1 of 8
Sector (Automotive) 1 of 3
Type (Divestiture) 1 of 8
Country (Sweden) 1 of 3
Year (1999) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-26 Renault Trucks

Saint-Priest, France

Renault Trucks is a commercial truck and military vehicle manufacturer. The Company is based in Saint-Priest, France.

Buy $1.5B
Mergr

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