M&A Deal Summary

Varroc Group Acquires Varroc Lighting Systems

On March 12, 2012, Varroc Group acquired automotive company Varroc Lighting Systems from Visteon for 72M USD

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

M&A Deal Summary
Date 2012-03-12
Target Varroc Lighting Systems
Sector Automotive
Buyer(s) Varroc Group
Sellers(s) Visteon
Deal Type Divestiture
Deal Value 72M USD

Target

Varroc Lighting Systems

Apodaca, Mexico
Varroc Lighting Systems is a manufacturer of automotive lighting systems. Varroc Lighting Systems includes manufacturing operations in Apodaca, Mexico, Novy Jicin and Rychvald, Czech Republic, and in Pune, India.

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Buyer(S) 1

Buyer

Varroc Group

Aurangabad, India
Category Company
Founded 1990
Sector Automotive
DESCRIPTION
Varroc office in Plymouth, Michigan.
Varroc office in Plymouth, Michigan.

Varroc Group is a manufacturer and supplier of automotive components. Varroc's products include exterior lighting systems, powertrains, electrical and electronics, body and chassis. Varroc Group was formed in 1990 and is based in Aurangabad, India.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Visteon

Van Buren Township, Michigan, United States
Category Company
Founded 2000
Sector Automotive
Employees10,000
Revenue 4.0B USD (2023)
DESCRIPTION
Entrance to Visteon's campus in Van Buren Township, Michigan.
Entrance to Visteon's campus in Van Buren Township, Michigan.

Visteon is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers. The Company has an international network of manufacturing operations, technical centers and joint venture operations. Visteon was founded in 2000 and is based in Van Buren Township, Michigan.

DEAL STATS #
Overall 4 of 5
Sector (Automotive) 2 of 3
Type (Divestiture) 4 of 5
Country (Mexico) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-04 Visteon - Radar System Business

United States

Visteon - Radar System Business includes physical assets, intellectual property, order book and engineers with expertise in radar-based Driver Assistance and Active Safety functions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Johnson Controls - Electronics Business

United States

Johnson Controls’ electronics business employs 4,800 people at seven r&d centers in Europe, North America and Asia.

Buy $265M
Mergr

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