M&A Deal Summary

Standard Motor Products Acquires Nissens

On July 10, 2024, Standard Motor Products acquired automotive company Nissens from Axcel for 388M USD

Acquisition Highlights
  • This is Standard Motor Products’ 4th transaction in the Automotive sector.
  • This is Standard Motor Products’ largest (disclosed) transaction.
  • This is Standard Motor Products’ 1st transaction in Denmark.

M&A Deal Summary

Date 2024-07-10
Target Nissens
Sector Automotive
Buyer(s) Standard Motor Products
Sellers(s) Axcel
Deal Type Add-on Acquisition
Deal Value 388M USD

Target

Nissens

Horsens, Denmark
Nissens develops, manufactures and sells cooling and climate products for the global automotive aftermarket, and Nissens Cooling Solutions, which designs, manufactures and sells custom cooling components, systems and modules for the wind turbine industry and the industrial sector, including the defence, mining and civil engineering industries. The group has more than 1,300 employees worldwide, with sales and production facilities across three continents. Both Nissens Automotive and Nissens Cooling Solutions are renowned for their focus on innovation and product development, high product quality and strong logistical and supply chain concepts. Nissens was founded in 1921 and is based in Horsens, Denmark.

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Buyer(S) 1

Buyer

Standard Motor Products

Long Island City, New York, United States

Category Company
Founded 1919
Sector Automotive
Employees5,600
Revenue 1.5B USD (2024)
DESCRIPTION
Standard Motor Products' plant in Simpsonville, South Carolina.
Standard Motor Products' plant in Simpsonville, South Carolina.

Standard Motor Products is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. Standard Motor Products was founded in 1919 and is based in Long Island City, New York.


DEAL STATS #
Overall 13 of 13
Sector: Automotive M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Denmark M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Kade Trading

Glinde, Germany

Kade Trading is a provider of mobile temperature control components to commercial vehicle, passenger car, and specialty equipment markets and has been a distributor of SMP products including electric compressors, hose assemblies, and receiver dryers. Kade Trading was founded in 2004 and is based in Glinde, Germany.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 49 of 49
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 15 of 15
Country: Denmark M&A 36 of 36
Year: 2024 M&A 3 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Danish Ship Finance

Copenhagen, Denmark

Danish Ship Finance is a Danish financial institution that issues loans to Danish and foreign shipowners secured against their vessels. The company's vision is to be the most recognised and stable provider of financing for reputable shipowners. Ship financing requires a high degree of specialisation and expertise at every level, and the company's 70 employees currently manage a loan portfolio of around DKK 43 billion secured against some 450 vessels. The loan portfolio has broad exposure to numerous shipping segments and focuses on shipowners in Denmark and abroad with high credit ratings. Danish Ship Finance was founded in 1961 and is based in Copenhagen, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-04 Accru Partners

Stockholm, Sweden

Accru Partners is an alliance of independent firms specialising in accounting, tax, audit and advisory services. The group combines the best of both worlds: the autonomy, knowledge and presence of its local firms with the stability, reach and economies of scale of a much larger company. Accru Partners was founded in 2024 and is based in Stockholm, Sweden.

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