M&A Deal Summary

The Norauto Group Acquires Magneti Marelli - Midas Business

On July 29, 2004, The Norauto Group acquired automotive company Magneti Marelli - Midas Business from Magneti Marelli for 48M EUR

Acquisition Highlights
  • This is The Norauto Group’s 1st transaction in the Automotive sector.
  • This is The Norauto Group’s largest (disclosed) transaction.
  • This is The Norauto Group’s 1st transaction in France.

M&A Deal Summary
Date 2004-07-29
Target Magneti Marelli - Midas Business
Sector Automotive
Buyer(s) The Norauto Group
Sellers(s) Magneti Marelli
Deal Type Divestiture
Deal Value 48M EUR

Target

Magneti Marelli - Midas Business

France
Magneti Marelli S.p.A. - Midas Business is a provider of rapid-fit car service network comprises 607 outlets in Europe (France, Spain, Belgium, Italy, Austria, Switzerland, Poland and Portugal), 9 in Brazil and 4 in Morocco.

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Buyer(S) 1

Buyer

The Norauto Group

Cedex, France
Category Company
Sector Automotive
DESCRIPTION

The Norauto Group is an automotive products and services in France.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Magneti Marelli

Corbetta, Italy
Category Company
Founded 1919
Sector Automotive
DESCRIPTION

Magneti Marelli S.p.A. is a manufacturer and marketer of automotive components.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
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DATE TARGET DEAL TYPE VALUE
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Smart Me Up

Meylan, France

Smart Me Up is a developer of software for processing sensor’s signals, detecting and recognizing objects around the vehicle, allowing 3D environment building and object movement tracking. Smart Me Up was founded in 2012 and is based in Meylan, France.

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Mergr

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