M&A Deal Summary

Control Instruments Group Acquires ArvinMeritor - Light Vehicle Aftermarket Ride Control Business

On June 20, 2006, Control Instruments Group acquired automotive company ArvinMeritor - Light Vehicle Aftermarket Ride Control Business from Meritor for 12M USD

Acquisition Highlights
  • This is Control Instruments Group’s 1st transaction in the Automotive sector.
  • This is Control Instruments Group’s largest (disclosed) transaction.
  • This is Control Instruments Group’s 1st transaction in South Africa.

M&A Deal Summary
Date 2006-06-20
Target ArvinMeritor - Light Vehicle Aftermarket Ride Control Business
Sector Automotive
Buyer(s) Control Instruments Group
Sellers(s) Meritor
Deal Type Divestiture
Deal Value 12M USD

Target

ArvinMeritor - Light Vehicle Aftermarket Ride Control Business

Cape Town, South Africa
ArvinMeritor - Light Vehicle Aftermarket Ride Control Business manufactures, markets, sells, and supplies branded automotive aftermarket products in South Africa and sub-Saharan Africa.

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Buyer(S) 1

Buyer

Control Instruments Group

Paarl, South Africa
Category Company
Founded 1987
Sector Automotive
Employees1,300
DESCRIPTION

Control Instruments Group Ltd. develop, engineer, manufacture and distribute products and services for niche sectors of worldwide automotive and transportation industries, including the Original Equipment Manufacturer (OEM) motor industry; commercial vehicle and fleet management markets; and a range of products that are supplied to the automotive aftermarket.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (South Africa) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Meritor

Troy, Michigan, United States
Category Company
Founded 1909
Sector Automotive
Employees8,600
Revenue 3.0B USD (2020)
DESCRIPTION
Meritor's corporate headquarters in Troy, Michigan.
Meritor's corporate headquarters in Troy, Michigan.

Meritor is a global supplier of a broad range of integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors. Meritor was formed in 1909 and is based in Troy, Michigan.

DEAL STATS #
Overall 5 of 13
Sector (Automotive) 3 of 11
Type (Divestiture) 5 of 11
Country (South Africa) 1 of 1
Year (2006) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-07 ArvinMeritor - Light Vehicle Aftermarket Exhaust Business

Loudon, Tennessee, United States

ArvinMeritor - Light Vehicle Aftermarket Exhaust Business engages in the production of aftermarket exhaust systems and components business based in Loudon, Tenn. and Moncton, New Brunswick, Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-25 ArvinMeritor - Light Vehicle Aftermarket Motion Control Business

Marion, South Carolina, United States

ArvinMeritor - Light Vehicle Aftermarket Motion Control Business manufactures, markets, sells, and supplies branded automotive aftermarket products. Business is located in Marion, South Carolina.

Sell -
Mergr

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