# Solero Technologies to acquire Kendrion's automotive business for $70M

Solero Technologies, backed by Atar Capital, signed an agreement to acquire Kendrion's automotive business in Europe and the United States for an enterprise value of roughly $70 million. The transaction is expected to close in Q3 2024.

- Type: Acquisition
- Announced: 2024-04-15
- Value: $70.0M
- Status: announced
- Products: transmission solenoids, engine solenoids, stop-start accumulators, hydraulic control modules, active suspension components, electrification components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Atar Capital](https://endata.com/companies/7001.md) (investor)
- [Kendrion](https://endata.com/companies/43110.md) (target)
- [Solero Technologies](https://endata.com/companies/76826.md) (acquirer)

## Sources

- [atarcapital.com](https://atarcapital.com/atar-capital-announces-solero-technologies-signs-agreement-to-acquire-kendrions-automotive-business/), 2024-04-15: "The acquisition of Kendrion’s automotive business will further expand Atar’s purpose-driven portfolio into the automotive industry."

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