M&A Deal Summary

Martinrea Acquires Effenco Development

On February 27, 2023, Martinrea acquired automotive company Effenco Development

Acquisition Highlights
  • This is Martinrea’s 2nd transaction in the Automotive sector.
  • This is Martinrea’s 1st transaction in Canada.
  • This is Martinrea’s 1st transaction in Quebec.

M&A Deal Summary
Date 2023-02-27
Target Effenco Development
Sector Automotive
Buyer(s) Martinrea
Deal Type Add-on Acquisition

Target

Effenco Development

Montreal, Quebec, Canada
Effenco Development designs, manufactures and markets technologies for the electrification and connectivity of heavy-duty vocational trucks. Effenco Development is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Martinrea

Vaughan, Ontario, Canada
Category Company
Founded 1987
Sector Automotive
Employees19,000
Revenue 5.3B CAD (2023)
DESCRIPTION

Martinrea is a designer, developer, and production of lightweight structures and propulsion systems that address the automotive industry’s current and future solutions. Martinrea was founded in 1987 and is based in Vaughan, Ontario.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Metalsa S.A. de C.V. - Structural Components

Coahuila, Mexico

Metalsa S.A. de C.V.'s Structural Components is a provider of automotive passenger cars vehicles in Coahuila, Mexico.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 Equispheres

Stittsville, Ontario, Canada

Equispheres is a private company developing innovative technologies for the production and use of advanced materials, for instance, high-performance aluminum powder for additive manufacturing (3D printing) applications. Equispheres is based in Stittsville, Ontario.

Buy -
Mergr

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