# 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.

- Type: Acquisition
- Announced: 2022-09-08
- Where: London, United Kingdom
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Melrose Industries](https://endata.com/companies/31414.md)
- [GKN plc](https://endata.com/companies/2944.md) (target)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/melrose-to-spin-off-gkn-automotive-powder-metallurgy-units), 2022-09-08: "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."

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