M&A Deal Summary

ABC Technologies Acquires WMG Technologies

On December 22, 2022, ABC Technologies acquired automotive company WMG Technologies for 165M USD

Acquisition Highlights
  • This is ABC Technologies’ 2nd transaction in the Automotive sector.
  • This is ABC Technologies’ 2nd largest (disclosed) transaction.
  • This is ABC Technologies’ 1st transaction in Canada.
  • This is ABC Technologies’ 1st transaction in Ontario.

M&A Deal Summary
Date 2022-12-22
Target WMG Technologies
Sector Automotive
Buyer(s) ABC Technologies
Deal Type Add-on Acquisition
Deal Value 165M USD
Advisor(s) KPMG Corporate Finance LLC
Deloitte
Akin Bay Co. LLC (Financial)
Cassels (Legal)

Target

WMG Technologies

Windsor, Ontario, Canada
WMG Technologies is a tier-1 and tier-2 supplier to major global automotive OEMs with facilities across North America. Along with an extensive portfolio of complementary exterior products, it is a provider of complex tooling for injection molded exterior and interior parts, lighting molds and optic inserts. WMG Technologies was formed in 1972 and is based in Windsor, Ontario.

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Buyer(S) 1

Buyer

ABC Technologies

Toronto, Ontario, Canada
Category Company
Founded 1974
Sector Automotive
Revenue 972M USD (2022)
DESCRIPTION

ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 3
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Karl Etzel

Mühlacker, Germany

Karl Etzel is an innovative medium-sized company engaged in the field of plastic injection molding. Karl Etzel's product portfolio includes high-quality plastic components for the automotive industry as well as complex technical injection molded parts for all customers. Karl Etzelwas founded in 1976 and is based in Mühlacker, Germany.

Buy $95M
Mergr

Product

Company

Legal