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Melrose to spin off GKN automotive business into separate unit · Endata

◂ Announcements

Sep 8, 2022ACQUISITIONLondon, United Kingdom

Melrose to spin off GKN automotive business into separate unit

Melrose Industries Plc will split its GKN automotive business into a separate unit, to be headquartered and listed in London, seeking acquisitions in the car industry. The announcement was made on September 8, 2022.

Status

Announced

Productsautomotive components

CompaniesMelrose Industries GKN plc target

Sectors#Automotive Components

“Melrose Industries Plc will split its GKN automotive business into a separate unit, unraveling part of the politically controversial hostile takeover it made in 2018.”news.bloomberglaw.com

1 source
news.bloomberglaw.comMelrose to Spin Off Two GKN Units to Invest in Car Industry (1)Elisabeth BehrmannSep 8, 2022

Summarized from public sources; check the original articles before acting on it.

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Nice acquires Nortek Control from Melrose Industries
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Apr 18, 2018ACQUISITIONUnited Kingdom$9.60B
Melrose acquires GKN
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