M&A Deal Summary

Tenneco Acquires Gruppo Marzocchi - Suspension Business

On September 1, 2008, Tenneco acquired automotive company Gruppo Marzocchi - Suspension Business from Gruppo Marzocchi for 15M USD

Acquisition Highlights
  • This is Tenneco’s 3rd transaction in the Automotive sector.
  • This is Tenneco’s 4th largest (disclosed) transaction.
  • This is Tenneco’s 1st transaction in Italy.

M&A Deal Summary

Date 2008-09-01
Target Gruppo Marzocchi - Suspension Business
Sector Automotive
Buyer(s) Tenneco
Sellers(s) Gruppo Marzocchi
Deal Type Divestiture
Deal Value 15M USD

Target

Gruppo Marzocchi - Suspension Business

Zola Predosa, Italy
Gruppo Marzocchi S.p.A - Suspension Business supplys suspension technology and products in the two-wheeler market.

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Buyer(S) 1

Buyer

Tenneco

Northville, Michigan, United States

Category Company
Founded 1996
Sector Automotive
Employees73,000
Revenue 15.4B USD (2020)
DESCRIPTION
Entrance to Tenneco's corporate headquarters in Lake Forest, Illinois.
Entrance to Tenneco's corporate headquarters in Lake Forest, Illinois.

Tenneco is a designer, manufacturer and marketer of clean air and ride performance products and systems for the automotive and commercial vehicle original equipment markets. Tenneco was founded in 1996 and is based in Northville, Michigan.


DEAL STATS #
Overall 4 of 6
Sector: Automotive M&A 3 of 5
Type: Divestiture M&A Deals 2 of 3
Country: Italy M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-20 Combustion Components Associates - Mobile Emissions Business

United States

Combustion Components Associates - Mobile Emissions Business. It provides components designed to meet future more stringent diesel emissions regulations for passenger cars and trucks.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Federal-Mogul Holdings

Southfield, Michigan, United States

Federal-Mogul Holdings Corp. is an innovative and diversified global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. Federal-Mogul Holdings Corp. was originally established in 1899 and is based in Southfield, Michigan.

Buy $800M

Seller(S) 1

SELLER

Gruppo Marzocchi

Zola Predosa, Italy

Category Company
Founded 1949
Sector Automotive
DESCRIPTION

Gruppo Marzocchi SpA designs and manufactures motorbike and mountain bike suspensions and gear pumps for hydraulic systems.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1