M&A Deal Summary

GKN Acquires Volvo Aero

On October 1, 2012, GKN acquired aerospace company Volvo Aero from Volvo for 633M GBP

Acquisition Highlights
  • This is GKN’s 5th transaction in the Aerospace sector.
  • This is GKN’s 0th largest (disclosed) transaction.
  • This is GKN’s 1st transaction in Sweden.

M&A Deal Summary
Date 2012-10-01
Target Volvo Aero
Sector Aerospace
Buyer(s) GKN
Sellers(s) Volvo
Deal Type Divestiture
Deal Value 633M GBP

Target

Volvo Aero

Vastra Gotaland, Sweden
Volvo Aero designs, engineers and manufactures components and sub-assemblies for aircraft engine turbines.

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Buyer(S) 1

Buyer

GKN

Redditch, United Kingdom

website

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.

DEAL STATS #
Overall 17 of 20
Sector (Aerospace) 5 of 6
Type (Divestiture) 4 of 5
Country (Sweden) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Getrag’s Driveline Products Business

Germany

Getrag Driveline Products, which will be integrated into GKN Driveline, is an excellent fit with GKN’s existing range of products and technology.

Buy £295M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 Williams Hybrid Power

Grove, United Kingdom

WHP specialises in the design and manufacture of composite flywheel-based energy storage systems, initially exploring options for the bus, truck and tram markets. GKN and WHP have been working together to validate the use of this technology and now that this stage has been reached, it is appropriate for GKN to use its global resources and manufacturing capability to maximise the commercial opportunities that exist.

Buy -

Seller(S) 1

SELLER

Volvo

Gothenburg, Sweden

website

Category Company
Founded 1915
Sector Manufacturing
Employees80,784
Revenue 338.4B SEK (2020)
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 5 of 6
Sector (Aerospace) 2 of 2
Type (Divestiture) 5 of 6
Country (Sweden) 3 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-07 VAS Aero Services

Boca Raton, Florida, United States

VAS Aero Services is a provider of aftermarket aviation component services and distribution. The Company sources, warehouses, and markets aftermarket components across a broad range of aircraft and engine platforms and provides related services to airlines, financing companies, and MRO providers from strategically located facilities in Florida, Washington, Kansas, and the United Kingdom. Sales and marketing operations are supported by a global network of offices covering key markets and customers across the Americas, Europe, and Asia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-10 BlueLine Rental

Shippensburg, Pennsylvania, United States

BlueLine Rental LLC is a provider of rental equipment services in North America, offering comprehensive lines of earthmoving, aerial and other construction equipment to service its customer base across multiple end markets, including the industrial, energy, infrastructure, nonresidential and residential construction, and non-construction markets.

Sell -
Mergr

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