M&A Deal Summary

Neapco Holdings Acquires Driveline business/tedrive

On July 2, 2010, Neapco Holdings acquired automotive company Driveline business/tedrive from tedrive Holding B.V.

Acquisition Highlights
  • This is Neapco Holdings’ 1st transaction in the Automotive sector.
  • This is Neapco Holdings’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2010-07-02
Target Driveline business/tedrive
Sector Automotive
Buyer(s) Neapco Holdings
Sellers(s) tedrive Holding B.V.
Deal Type Divestiture

Target

Driveline business/tedrive

Netherlands
tedrive Holdings ("tedrive") develops and manufactures automotive driveline components such as driveshafts, differentials, suspension springs and aluminum die castings for leading automotive OEMs in Europe.

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Buyer(S) 1

Buyer

Neapco Holdings

Belleville, Michigan, United States

Category Company
Sector Manufacturing
DESCRIPTION

Neapco is a manufacturer of automotive propeller shafts, driveline and steering components for original equipment, performance and aftermarket companies.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

tedrive Holding B.V.

Heerlen, Netherlands

Category Company
Founded 2007
Sector Automotive
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2010 M&A 1 of 1