M&A Deal Summary

John Cockerill Acquires Arquus

On July 2, 2024, John Cockerill acquired automotive company Arquus from Volvo

Acquisition Highlights
  • This is John Cockerill’s 1st transaction in the Automotive sector.
  • This is John Cockerill’s 1st transaction in France.

M&A Deal Summary

Date 2024-07-02
Target Arquus
Sector Automotive
Buyer(s) John Cockerill
Sellers(s) Volvo
Deal Type Divestiture

Target

Arquus

Versailles, France
Arquus specializes in the production and support of land defense vehicles. Arquus is based in Versailles, France.

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Buyer(S) 1

Buyer

John Cockerill

Seraing, Belgium

Category Company
Founded 1817
Sector Machinery
DESCRIPTION

John Cockerill offers a wide range of technological solutions across various sectors, including energy, defense, industry, and environmental services. John Cockerill was founded in 1817 and is based in Seraing, Belgium.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Volvo

Gothenburg, Sweden

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 7 of 7
Sector (Automotive) 2 of 2
Type (Divestiture) 7 of 7
Country (France) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Proterra's battery business is a manufacturer of batteries which are designed from the cell level up for commercial and industrial usage and have industry-leading energy density, a flexible design, and ruggedized commercial-grade housing.

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