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M&A Deal Summary

Solero Technologies Acquires Kendrion’s Automotive Business

On April 15, 2024, Solero Technologies acquired automotive company Kendrion’s Automotive Business from Kendrion

Acquisition Highlights
  • This is Solero Technologies’ 1st transaction in the Automotive sector.
  • This is Solero Technologies’ 1st transaction in the Netherlands.

M&A Deal Summary
Date 2024-04-15
Target Kendrion’s Automotive Business
Sector Automotive
Buyer(s) Solero Technologies
Sellers(s) Kendrion
Deal Type Divestiture

Target

Kendrion’s Automotive Business

Amsterdam, Netherlands
Kendrion’s Automotive Business designs, manufactures, and delivers intelligent actuators that help advance the global push towards electrification and sustainable energy.

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Buyer(S) 1

Buyer

Solero Technologies

Water Valley, Mississippi, United States
Category Company
Sector Automotive
DESCRIPTION

Solero Technologies is a leading global supplier of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules. The business, including its state-of-the-art production facility in Water Valley, Mississippi, along with related sales and engineering operations in Detroit, provides advanced design, prototyping, development, and manufacturing combined with a strong intellectual property portfolio across product categories.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Kendrion

Amsterdam, Netherlands
Category Company
Founded 1859
Sector Electrical Equipment
Employees2,570
Revenue 519M EUR (2023)
DESCRIPTION

Kendrion is an entity engaged in development, production and marketing of electromagnetic components for industrial and automotive applications. The Company’s products are used in a diversity of products, such as lifts, industrial robots, medical equipment, electrical switchbox systems, diesel engines, air-conditioning and motor cooling systems. Kendrion was founded in 1859 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 6 of 6
Sector (Automotive) 2 of 2
Type (Divestiture) 6 of 6
Country (Netherlands) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 INTORQ KG

Aerzen, Germany

INTORQ GmbH & Co. KG is a manufacturer of spring-applied brakes and electromagnetic brakes and clutches for electrical drive technologies. INTORQ products are used in a diverse range of applications, including geared and servomotors, electric forklifts, wind power, cranes, hoists, elevators, and escalators. INTORQ was founded in 2004 and is based in Aerzen, Germany.

Buy €80M
Mergr

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