M&A Deal Summary

Meritor Acquires AxleTech International Holdings

On May 8, 2019, Meritor acquired automotive company AxleTech International Holdings from The Carlyle Group for 175M USD

Acquisition Highlights
  • This is Meritor’s 7th transaction in the Automotive sector.
  • This is Meritor’s 3rd largest (disclosed) transaction.
  • This is Meritor’s 6th transaction in the United States.
  • This is Meritor’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-05-08
Target AxleTech International Holdings
Sector Automotive
Buyer(s) Meritor
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 175M USD

Target

AxleTech International Holdings

Oshkosh, Wisconsin, United States
AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

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Buyer(S) 1

Buyer

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 10 of 11
Sector (Automotive) 7 of 7
Type (Add-on Acquisition) 8 of 8
State (Wisconsin) 1 of 1
Country (United States) 6 of 6
Year (2019) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 AA Gear & Manufacturing

Howell, Michigan, United States

AA Gear & Manufacturing, Inc. is a manufacturer of low-to-medium volume batch manufacturing for complex gear and shaft applications, as well as quick-turnaround prototyping solutions and emergency plant support. AA Gear & Manufacturing was founded in 1970 and is based in Howell, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Siemens - Commercial Vehicles Electric Propulsion Business

Germany

Siemens' Commercial Vehicles Electric Propulsion Business develops, designs and produces high-performance electric drive systems. Product offerings include direct-drive and transmission-based remote mount electric motors, inverters, software and related services.

Buy €190M

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 371 of 480
Sector (Automotive) 12 of 13
Type (Add-on Acquisition) 160 of 197
State (Wisconsin) 4 of 4
Country (United States) 210 of 259
Year (2019) 13 of 23
Size (of disclosed) 98 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Luolai Lifestyle Technology

Shanghai, China

Luolai Lifestyle Technology is a home furniture company consisting of research & development, design, manufacture, and sales of bedding, furniture, linens and more. It is one of the earliest home furnishing professional manufacturers and retailers. The company transformed their strategy from focusing on home furnishing to a one-stop home lifestyle retail service with products covering home furnishing, interior design, etc. It aims to provide rich residential life and a brand new one-stop home furnishing shopping experience. Luolai Lifestyle Technology was founded in 1992 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-24 Marelli Motori

Arzignano, Italy

Marelli Motori SpA is a manufacturer of generators and electric motors. With five overseas offices in Germany, UK, Malaysia, USA and South Africa it serves worldwide markets for power generation, marine, oil & gas and industrial manufacturing.

Sell -