# GUD Holdings acquires Swedish automotive lighting company Rindab

Australian automotive components manufacturer GUD Holdings has agreed to acquire Rindab AB and a subsidiary of Vision X Europe AB from Swedish owners for SEK 98.6 million, with completion expected on November 1, 2023.

- Type: Acquisition
- Announced: 2023-10-17
- Where: Stockholm, Sweden, Sweden
- Value: $9.20M (98.6M SEK)
- Status: announced
- Products: automotive lighting equipment, light panels, cameras for trucks and buses
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GUD Holdings](https://endata.com/companies/71860.md) (acquirer)
- [Rindab AB](https://endata.com/companies/73656.md) (target)
- [Vision X Europe AB](https://endata.com/companies/73657.md) (target)

## Sources

- [akm.ru](https://www.akm.ru/eng/news/australian-gud-acquires-swedish-rindab/), 2023-10-17: "The value of the transaction is 98.6 million Swedish kronor, including 83.6 million Swedish kronor (12 million Australian dollars), which will be paid at the closing of the transaction and 15 million Swedish kronor - in 2 years, subject to the achievement of positive indicators."

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