# Methode Electronics to acquire Grakon Group

Methode Electronics announced a definitive agreement to acquire Grakon Group, a global leader in advanced lighting and electronics systems for vehicle OEMs. The acquisition is expected to expand product offerings and accelerate growth.

- Type: Acquisition
- Announced: 2018-08-21
- Where: United States
- Value: $420.0M
- Status: announced
- Products: advanced lighting systems, electronic controls
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Methode Electronics](https://endata.com/companies/33898.md) (acquirer)
- [Grakon Group](https://endata.com/companies/33899.md) (target)
- [Grakon Parent Inc.](https://endata.com/companies/34313.md) (target)

## Sources

- [grakon.com](https://www.grakon.com/methode-electronics-to-acquire-grakon-group/), 2018-08-22: "Grakon will enhance our product line, diversify our business mix into new end-markets and allow us to serve a broadly expanded universe of customers."
- [einpresswire.com](https://www.einpresswire.com/article/461805837/methode-acquires-grakon), 2018-09-12: "Grakon's manufacturing capabilities and products will foster additional innovation within our companies, driving incremental revenue, EPS and cash flow growth and providing strong returns for our shareholders."
- [aftermarketnews.com](https://www.aftermarketnews.com/methode-electronics-completes-grakon-acquisition/), 2018-09-13: "Grakon's manufacturing capabilities and products will foster additional innovation within our companies, driving incremental revenue, EPS and cash flow growth and providing strong returns for our shareholders."

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