M&A Deal Summary

Klarius Group Acquires ArvinMeritor - Light Vehicle Aftermarket

On August 7, 2007, Klarius Group acquired automotive company ArvinMeritor - Light Vehicle Aftermarket from Meritor

Acquisition Highlights
  • This is Klarius Group’s 1st transaction in the Automotive sector.
  • This is Klarius Group’s 1st transaction in the United States.
  • This is Klarius Group’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2007-08-07
Target ArvinMeritor - Light Vehicle Aftermarket
Sector Automotive
Buyer(s) Klarius Group
Sellers(s) Meritor
Deal Type Divestiture

Target

ArvinMeritor - Light Vehicle Aftermarket

Brentwood, Tennessee, United States
ArvinMeritor - Light Vehicle Aftermarket manufactures and supplies filter, ride control, and exhaust products.

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Buyer(S) 1

Buyer

Klarius Group

Manchester, United Kingdom
Category Company
Founded 1989
Sector Automotive
Employees645
DESCRIPTION

Klarius Group Ltd. has 645 employees across Europe; Klarius operates three manufacturing production facilities and a research and development facility located in the UK. Added to that are European warehousing and four strong independent distribution platforms: in the UK, France, Germany and Spain.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 2
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-02 Quinton Hazell Automotive

Hinckley, United Kingdom

Quinton Hazell's success in the supply of original equipment reflects the company's consistently high standards across the whole product range. QH have over 800 employees across Europe. QH products are fitted to the latest generation of vehicles on the production line and the OE/OES sales team has the knowledge and experience to work with vehicle manufacturers, including their recognised aftermarket service operations, from concept to delivery.

Buy -

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 8 of 13
Sector (Automotive) 6 of 11
Type (Divestiture) 8 of 11
State (Tennessee) 2 of 2
Country (United States) 7 of 9
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-17 ArvinMeritor - Emissions Technologies Business

Troy, Michigan, United States

ArvinMeritor's Emissions Technologies Business engages in the global emission technology industry, serving worldwide light and commercial vehicle manufacturers. The business has operations in 19 countries, 7,500 employees and several long-term joint venture relationships.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 Mascot Industries

Mississauga, Ontario, Canada

Mascot Truck Parts Ltd is a remanufacturer of transmissions, drive axle carriers, steering gears and drivelines, based in Mississauga, Ontario, Canada.

Buy -
Mergr

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