M&A Deal Summary

CVG Acquires Commercial Vehicle Group - Cab Structures Business

On October 2, 2024, CVG acquired automotive company Commercial Vehicle Group - Cab Structures Business from Volvo for 40M USD

Acquisition Highlights
  • This is CVG’s 5th transaction in the Automotive sector.
  • This is CVG’s 2nd largest (disclosed) transaction.
  • This is CVG’s 7th transaction in the United States.
  • This is CVG’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-10-02
Target Commercial Vehicle Group - Cab Structures Business
Sector Automotive
Buyer(s) CVG
Sellers(s) Volvo
Deal Type Divestiture
Deal Value 40M USD

Target

Commercial Vehicle Group - Cab Structures Business

Kings Mountain, North Carolina, United States
Commercial Vehicle Group's Cab Structures Business provides critical structural components for commercial vehicles. Commercial Vehicle Group's Cab Structures Business is based in Kings Mountain, North Carolina.

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Buyer(S) 1

Buyer

CVG

New Albany, Ohio, United States
Category Company
Founded 2000
Sector Automotive
Employees7,700
Revenue 995M USD (2023)
DESCRIPTION

CVG is a manufacturer of components and systems for the medium and heavy duty commercial vehicles market. CVG was founded in 2000 and is based in New Albany, Ohio.

DEAL STATS #
Overall 9 of 9
Sector (Automotive) 5 of 5
Type (Divestiture) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 FSE

Elkridge, Maryland, United States

FSE is a manufacturer of control panels, electro-mechanical assemblies, and cable assemblies. FSE adheres to the most current processes and applications necessary for manufacturing and cycle time reduction to deliver high-quality cost-competitive assemblies. FSE is based in Elkridge, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 FSE

Elkridge, Maryland, United States

FSE is a manufacturer of control panels, electro-mechanical assemblies, and cable assemblies. FSE adheres to the most current processes and applications necessary for manufacturing and cycle time reduction to deliver high-quality cost-competitive assemblies. FSE is based in Elkridge, Maryland.

Sell -

Seller(S) 1

SELLER

Volvo

Gothenburg, Sweden
Category Company
Founded 1915
Sector Manufacturing
Employees91,265
Revenue 552.8B SEK (2023)
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 8 of 8
Sector (Automotive) 3 of 3
Type (Divestiture) 8 of 8
State (North Carolina) 1 of 1
Country (United States) 4 of 4
Year (2024) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Arquus

Versailles, France

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

Sell -
Mergr

Product

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