M&A Deal Summary

Zhejiang Geely Holding Group Acquires Volvo Car

On March 28, 2010, Zhejiang Geely Holding Group Co., Ltd acquired automotive company Volvo Car Corp. from Ford Motor Co. for 1.8B USD

Acquisition Highlights
  • This is Zhejiang Geely Holding Group’s 1st transaction in the Automotive sector.
  • This is Zhejiang Geely Holding Group’s 1st largest (disclosed) transaction.
  • This is Zhejiang Geely Holding Group’s 1st transaction in Sweden.

M&A Deal Summary

Date 2010-03-28
Target Volvo Car Corp.
Sector Automotive
Buyer(s) Zhejiang Geely Holding Group Co., Ltd
Sellers(s) Ford Motor Co.
Deal Type Divestiture
Deal Value 1.8B USD

Target

Volvo Car Corp.

Gothenburg, Sweden
website
Volvo Car Corp. is a Swedish automobile manufacturer. Volvo develops, manufactures, markets, sells, and services in cars.

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Buyer(S) 1

Buyer

Zhejiang Geely Holding Group Co., Ltd

Hangzhou, China

website


Category Company
Founded 1986
SectorAutomotive
Employees12,000
DESCRIPTION

Geely is a Chinese automotive manufacturing company headquartered in Hangzhou, China. Geely was formed in 1986 as a light manufacturer. In 2002, Geely began producing autos.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 2
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Emerald Automotive LLC

Hazelwood, Missouri, United States

Emerald Automotive LLC is an electric vehicle startup that desires to manufacture industrial vans in Hazelwood.

Buy -

Seller(S) 1

SELLER

Ford Motor Co.

Dearborn, Michigan, United States

website


Category Company
Founded 1903
SectorAutomotive
Employees183,000
Revenue 136.3B USD (2021)
DESCRIPTION
Ford Motor Company's corporate headquarters in Dearborn, Michigan.
Ford Motor Company's corporate headquarters in Dearborn, Michigan.

Ford Motor produces and sells automobiles under the Ford and Lincoln brands. In addition to the products Ford sells to dealerships for retail sale, the Company also sells vehicles to dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. Ford Motor also sells parts and accessories, primarily to dealerships and to authorized parts distributors. Through its dealerships, Ford Motor also offers extended service contracts to retail customers. Ford Motor was founded in 1903 and is headquartered in Dearborn, Michigan


DEAL STATS #
Overall 8 of 12
Sector (Automotive) 3 of 3
Type (Divestiture) 6 of 9
Country (Sweden) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 Jaguar Land Rover

Warwickshire, United States

Jaguar Land Rover is a company that brings together two much loved, highly prestigious British car brands Jaguar Land Rover is a company that brings together two much loved, highly prestigious British car brands.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 Ford Motor - iCONNECT Direct DMS Business

Canada

The DealerTrack/Ford of Canada relationship began in 2008 when the companies announced they will offer a full-featured, web-based DMS, using white-labeled DealerTrack software. Currently, that solution is widely available to many Ford of Canada dealers across the country.

Sell -