# American Axle acquires Metaldyne Performance Group for $1.6 billion

American Axle Manufacturing announced it is acquiring engine part maker Metaldyne Performance Group for $1.6 billion, plus assumption of $1.7 billion in debt, making the effective price $3.3 billion. The deal aims to diversify AAM's customer base and reduce dependence on GM.

- Type: Acquisition
- Announced: 2016-11-07
- Where: United States
- Value: $3.30B
- Status: announced
- Products: axles, driveshafts, engine parts, transmission products, suspension products, driveline products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Metaldyne Performance Group Inc.](https://endata.com/companies/16988.md) (target)
- [American Axle Manufacturing](https://endata.com/companies/19955.md) (acquirer)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5236442/editorial-american-axle-increases-powertrain-portfolio-with-metaldyne-acquisition), 2016-11-07: "In a major diversification move, Detroit-based auto part supplier American Axle Manufacturing (AAM) has announced it is acquiring engine part maker Metaldyne Performance Group (MPG) for USD1.6 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.