M&A Deal Summary

NV Bekaert Acquires Pirelli Tyre - Steel Cord Business

On February 28, 2014, NV Bekaert acquired manufacturer Pirelli Tyre - Steel Cord Business from Pirelli Tyre for 255M EUR

Acquisition Highlights
  • This is NV Bekaert’s 1st transaction in the Manufacturing sector.
  • This is NV Bekaert’s largest (disclosed) transaction.
  • This is NV Bekaert’s 1st transaction in Italy.

M&A Deal Summary
Date 2014-02-28
Target Pirelli Tyre - Steel Cord Business
Sector Manufacturing
Buyer(s) NV Bekaert
Sellers(s) Pirelli Tyre
Deal Type Divestiture
Deal Value 255M EUR

Target

Pirelli Tyre - Steel Cord Business

Figline Valdarno, Italy
Pirelli - Steel Cord Business manufactures steel cord. The Unit has operations and manufacturing sites in Figline Valdarno, Italy; Slatina, Romania; Izmit, Turkey; Yanzhou, China; and Sumarè, Brazil.

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Buyer(S) 1

Buyer

NV Bekaert

Zwevegem, Belgium

website

Category Company
Founded 1880
Sector Metals/Mining
Employees23,332
Revenue 4.8B EUR (2021)
DESCRIPTION

NV Bekaert is a market and technology provider in steel wire transformation and coatings. Improving both the bulk and surface properties of steel wire products. NV Bekaert was incorporated in 1880 and is based in Zwevegem, Belgium.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Bekaert Advanced Coatings NV

Deinze, Belgium

Bekaert Advanced Coatings NV is a provider of coatings services for automotive, construction, offshore, and telecom industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Bekaert - Global Ropes And Advanced Cords Businesses

Zwevegem, Belgium

Bekaert's Global Ropes And Advanced Cords Businesses is a supplier of advanced cords and ropes.

Sell -

Seller(S) 1

SELLER

Pirelli Tyre

Milan, Italy

website

Category Company
Sector Automotive
DESCRIPTION

Pirelli Tyre S.p.A. is a producer of high end tyres based in Italy.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Däckia AB

Taby, Sweden

Däckia AB is a multi-brand tyre distribution chain in Sweden.

Buy kr625M
Mergr

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