M&A Deal Summary

Hanon Systems Acquires Cooper-Standard Automotive - Thermal and Emissions Product Line

On June 30, 2014, Hanon Systems acquired automotive company Cooper-Standard Automotive - Thermal and Emissions Product Line from Cooper-Standard for 46M USD

Acquisition Highlights
  • This is Hanon Systems’ 2nd transaction in the Automotive sector.
  • This is Hanon Systems’ largest (disclosed) transaction.
  • This is Hanon Systems’ 1st transaction in the United States.
  • This is Hanon Systems’ 1st transaction in Michigan.

M&A Deal Summary

Date 2014-06-30
Target Cooper-Standard Automotive - Thermal and Emissions Product Line
Sector Automotive
Buyer(s) Hanon Systems
Sellers(s) Cooper-Standard
Deal Type Divestiture
Deal Value 46M USD

Target

Cooper-Standard Automotive - Thermal and Emissions Product Line

Novi, Michigan, United States
Cooper-Standard Automotive, Inc. - Thermal and Emissions Product Line encompasses a range of automotive products that will support increased fuel efficiency and reduced emissions. Products include exhaust gas recirculation modules (EGRs), electronic coolant pumps and valves; electronic wastegate actuators and electronic throttle bodies.

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Buyer(S) 1

Buyer

Hanon Systems

Daedeok-gu, South Korea

Category Company
Founded 1986
Sector Automotive
DESCRIPTION

Hanon Systems is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. Hanon Systems was founded in 1986 and is based in Daedeok-gu, South Korea.


DEAL STATS #
Overall 2 of 3
Sector: Automotive M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Japan Climate Systems

Higashi-Hiroshima, Japan

Japan Climate Systems Corp. is a manufacturer of automotive parts and accessories in japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Magna International FP&C business

Aurora, Ontario, Canada

Magna's global FP&C business specializes in the design, manufacture and supply of mechanical and electronic pumps, electronic cooling fans, and other components. Magna International FP&C business is based in Aurora, Ontario.

Buy -

Seller(S) 1

SELLER

Cooper-Standard

Northville, Michigan, United States

Category Company
Founded 1960
Sector Automotive
Employees19,500
Revenue 2.7B USD (2024)
DESCRIPTION
Cooper-Standard's headquarters in Novi, Michigan.
Cooper-Standard's headquarters in Novi, Michigan.

Cooper-Standard is a provider of systems and components for the automotive industry. Products include rubber and plastic sealing, fuel and brake lines, fluid transfer hoses, and anti-vibration systems. Cooper-Standard was founded in 1960 and is based in Northville, Michigan.


DEAL STATS #
Overall 1 of 3
Sector: Automotive M&A 1 of 3
Type: Divestiture M&A Deals 1 of 3
State: Michigan M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Jyco Sealing Technologies

Sherbrooke, Quebec, Canada

Jyco Sealing Technologies Corp. is a pioneer in Thermoplastic Vulcanizate (TPV) sealing technology since its founding in 2000 and has primarily supplied sealing systems and components to the automotive industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 AMI Industries - Fuel and Brake Business

Lewiston, Michigan, United States

AMI Industries - Fuel and Brake Business is a provider of automotive products.

Buy -