M&A Deal Summary

GKN and EVO Electric Acquire GKN EVO eDrive Systems

On June 22, 2011, GKN and EVO Electric acquired automotive company GKN EVO eDrive Systems

Acquisition Highlights
  • This is GKN’s 6th and EVO Electric’s 1st transaction in the Automotive sector.
  • This is GKN’s 4th and EVO Electric’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-06-22
Target GKN EVO eDrive Systems
Sector Automotive
Buyer(s) GKN
EVO Electric
Deal Type Joint Venture

Target

GKN EVO eDrive Systems

United Kingdom
GKN EVO eDrive Systems Ltd. is a manufacturer and seller of axial flux electric motors and drive systems for use in hybrid and all-electric vehicles. Axial flux machines have inherent benefits over conventional radial flux machines, such as higher torque and power densities due to better utilisation of the electromagnetically active material but have been held back by complex design and manufacturing problems.

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Buyer(S) 2

Buyer

GKN

Redditch, United Kingdom

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.


DEAL STATS #
Overall 14 of 20
Sector: Automotive M&A 6 of 7
Type: Joint Venture M&A Deals 2 of 2
Country: United Kingdom M&A 4 of 5
Year: 2011 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 EVO Electric

United Kingdom

EVO Electric Limited develops and manufactures advanced electric machines, drive systems and other integrated products for a wide range of transportation and mobile power applications. Its core competence is the development, design and integration of high torque electric motors and generators based on Axial Flux technology, an ultra efficient, low weight alternative to conventional electric machines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-05 Stromag AG

Unna, Germany

Stromag AG is a provider of a mechanical drive systems for industrial clutches, brakes and limit switches. Stromag engineers develop customized solutions for the drive train. Primary markets include wind turbines, cranes, heavy equipment and agricultural road construction equipment.

Buy €200M
Buyer

EVO Electric

United Kingdom

Category Company
Sector Automotive
DESCRIPTION

EVO Electric Limited develops and manufactures advanced electric machines, drive systems and other integrated products for a wide range of transportation and mobile power applications. Its core competence is the development, design and integration of high torque electric motors and generators based on Axial Flux technology, an ultra efficient, low weight alternative to conventional electric machines.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2011 M&A 1 of 1