M&A Deal Summary

WABCO Holdings Acquires MICO

On February 2, 2016, WABCO Holdings acquired automotive company MICO

Acquisition Highlights
  • This is WABCO Holdings’ 2nd transaction in the Automotive sector.
  • This is WABCO Holdings’ 1st transaction in the United States.
  • This is WABCO Holdings’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-02-02
Target MICO
Sector Automotive
Buyer(s) WABCO Holdings
Deal Type Add-on Acquisition

Target

MICO

North Mankato, Minnesota, United States
MICO, Inc. is a provider of hydraulic components, controls and brake systems for heavy-duty, off-highway vehicles in agriculture, construction, mining and similar industries.

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Buyer(S) 1

Buyer

WABCO Holdings

Brussels, Belgium
Category Company
Founded 1869
Sector Automotive
Employees16,000
Revenue 3.8B USD (2018)
DESCRIPTION

WABCO is a global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully “Mobilizing Vehicle Intelligence” to support the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO continues to pioneer innovations to address key technology milestones in autonomous mobility and apply its extensive expertise to integrate the complex control and fail-safe systems required to efficiently and safely govern vehicle dynamics at every stage of a vehicle’s journey – on the highway, in the city and at the depot.

DEAL STATS #
Overall 3 of 6
Sector (Automotive) 2 of 4
Type (Add-on Acquisition) 3 of 6
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 Transics International NV

Leper, Belgium

Transics International NV provides telematics solutions for the road transport industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Trans-Safety LOCKS®

Hamburg, Germany

Trans-Safety LOCKS® GmbH is a manufacturer of mechanical and electronic locking systems for transport vehicles such as trucks, trailers and containers.

Buy -
Mergr

Product

Company

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