Divestiture • Distribution

Penske Automotive Group Acquires MTU Detroit Diesel Australia Pty

On October 1, 2014, Penske Automotive Group acquired distribution company MTU Detroit Diesel Australia Pty from Daimler and Rolls-Royce Power Systems AG

Acquisition Context
  • This is Penske Automotive Group’s 3rd transaction in the Distribution sector.
  • This is Penske Automotive Group’s 2nd transaction in Australia.

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M&A Deal Summary

Date October 1, 2014
Target MTU Detroit Diesel Australia Pty
Sector Distribution
Buyer(s) Penske Automotive Group
Sellers(s) Daimler
Rolls-Royce Power Systems AG
Deal Type Divestiture

Target Company

MTU Detroit Diesel Australia Pty

Altona North,, Australia
MTU-DDA is a major distributor of diesel and gas engines and power systems, representing some of the most innovative and well-respected brands in the industry.
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Buyer Overview 1

Buyer

Penske Automotive Group

Bloomfield Hills, Michigan, United States

Category Company
Founded 1990
Sector Retail
Employees28,900
Revenue 30.5B USD (2024)
DESCRIPTION
Entrance to Penske Automotive Group's headquarters in Bloomfield Hills, Michigan.
Entrance to Penske Automotive Group's headquarters in Bloomfield Hills, Michigan.

Penske Automotive Group is an automotive retailer that sells new and used motor vehicles, maintenance, and repair services. Penske Automotive Group was founded in 1990 and is based in Bloomfield Hills, Michigan.


Deal Context for Buyer #
Overall 10 of 27
Sector: Distribution 3 of 3
Type: Divestiture 3 of 4
Country: Australia 2 of 2
Year: 2014 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 BMW of Greenwich

Greenwich, Connecticut, United States

BMW of Greenwich operates as a dealer of new or pre-owned BMW cars.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 The Around The Clock Freightliner Group

Oklahoma City, Oklahoma, United States

The Around The Clock Freightliner Group LLC engages in the sale and service of new and used medium and heavy duty trucks. The Around The Clock Freightliner Group was formed in 1977 and is based in Oklahoma City, Oklahoma.

Buy -

Seller Profiles 2

SELLER

Daimler

Stuttgart, Germany

Category Company
Founded 1886
Sector Automotive
Employees289,643
Revenue 50.9B EUR (2022)
DESCRIPTION

Daimler with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a global producer of passenger cars and heavy-and medium-duty trucks and buses. Daimler was founded in 1886 and is based in Stuttgart, Germany.


Deal Context for Seller #
Overall 7 of 7
Sector: Distribution 1 of 1
Type: Divestiture 5 of 5
Country: Australia 1 of 1
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Tesla

Austin, Texas, United States

Tesla designs, manufactures and sells electric cars, batteries, and solar related equipment and systems to consumers, businesses, and municipalities. Tesla was formed in 2003 and is based in Palo Alto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Nokia - HERE Digital Mapping and Location Services Business

Finland

HERE is a provider of navigation, mapping and location services. The Company builds high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles.

Buy €2.8B
SELLER

Rolls-Royce Power Systems AG

Friedrichshafen, Germany

Category Company
Sector Machinery
Revenue 2.6B EUR (2010)
DESCRIPTION

Rolls-Royce Power Systems AG is a supplier of off-highway diesel engines and complete drive systems for ships, heavy land and rail vehicles, industrial applications and decentralized power generation plants.


Deal Context for Seller #
Overall 1 of 2
Sector: Distribution 1 of 1
Type: Divestiture 1 of 2
Country: Australia 1 of 1
Year: 2014 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 L’Orange

Stuttgart, Germany

L’Orange GmbH is a provider of fuel injection systems for industrial diesel, heavy fuel oil and dual-fuel engines. L’Orange was founded in 1933 and is based in Stuttgart, Germany.

Sell €700M

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