M&A Deal Summary

Standard Motor Products Acquires Nissens

On July 10, 2024, Standard Motor Products acquired automotive company Nissens from Axcel for 388M USD

Acquisition Highlights
  • This is Standard Motor Products’ 4th transaction in the Automotive sector.
  • This is Standard Motor Products’ largest (disclosed) transaction.
  • This is Standard Motor Products’ 1st transaction in Denmark.

M&A Deal Summary
Date 2024-07-10
Target Nissens
Sector Automotive
Buyer(s) Standard Motor Products
Sellers(s) Axcel
Deal Type Add-on Acquisition
Deal Value 388M USD

Target

Nissens

Horsens, Denmark
Nissens develops, manufactures and sells cooling and climate products for the global automotive aftermarket, and Nissens Cooling Solutions, which designs, manufactures and sells custom cooling components, systems and modules for the wind turbine industry and the industrial sector, including the defence, mining and civil engineering industries. The group has more than 1,300 employees worldwide, with sales and production facilities across three continents. Both Nissens Automotive and Nissens Cooling Solutions are renowned for their focus on innovation and product development, high product quality and strong logistical and supply chain concepts. Nissens was founded in 1921 and is based in Horsens, Denmark.

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Buyer(S) 1

Buyer

Standard Motor Products

Long Island City, New York, United States
Category Company
Founded 1919
Sector Automotive
Employees5,200
Revenue 1.4B USD (2023)
DESCRIPTION
Standard Motor Products' plant in Simpsonville, South Carolina.
Standard Motor Products' plant in Simpsonville, South Carolina.

Standard Motor Products is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. Standard Motor Products was founded in 1919 and is based in Long Island City, New York.

DEAL STATS #
Overall 12 of 12
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 6 of 6
Country (Denmark) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Kade Trading

Glinde, Germany

Kade Trading is a provider of mobile temperature control components to commercial vehicle, passenger car, and specialty equipment markets and has been a distributor of SMP products including electric compressors, hose assemblies, and receiver dryers. Kade Trading was founded in 2004 and is based in Glinde, Germany.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.

DEAL STATS #
Overall 45 of 45
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 13 of 13
Country (Denmark) 33 of 33
Year (2024) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Delete Group

Helsinki, Finland

Delete Group is a full-service environmental services provider. The company provides clients with business-critical services that require specialized knowledge and specialized equipment. Its business is divided into three business areas: industrial and real estate services, demolition services and recycling and waste disposal services. Delete Group was formed in 2010 and is based in Helsinki, Finland.

Sell -
Mergr

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