M&A Deal Summary

Melrose Industries Acquires GKN

On March 29, 2018, Melrose Industries acquired engineering company GKN for 8.0B GBP

Acquisition Highlights
  • This is Melrose Industries’ 1st transaction in the Engineering sector.
  • This is Melrose Industries’ largest (disclosed) transaction.
  • This is Melrose Industries’ 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2018-03-29
Target GKN
Sector Engineering
Buyer(s) Melrose Industries
Deal Type Add-on Acquisition
Deal Value 8.0B GBP

Target

GKN

Redditch, United Kingdom
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.

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Buyer(S) 1

Buyer

Melrose Industries

London, United Kingdom
Category Company
Founded 2003
Sector Machinery
Employees13,492
Revenue 3.0B GBP (2022)
DESCRIPTION

Melrose is a buyer good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders. Melrose Industries was founded in 2003 and is based in London, the United Kingdom.

DEAL STATS #
Overall 8 of 8
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (United Kingdom) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Nortek Air Solutions

Okarche, Oklahoma, United States

Nortek Air Solutions is a diversified manufacturer of world-class products spanning custom and commercial air solutions for high-performance environments, residential and commercial HVAC, and fresh air ventilation systems for homes. Nortek Air was founded in 1977 and is based in Okarche, Oklahoma.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Nortek Air Solutions

Okarche, Oklahoma, United States

Nortek Air Solutions is a diversified manufacturer of world-class products spanning custom and commercial air solutions for high-performance environments, residential and commercial HVAC, and fresh air ventilation systems for homes. Nortek Air was founded in 1977 and is based in Okarche, Oklahoma.

Sell -
Mergr

Product

Company

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