Standard Motor Products to acquire Nissens Automotive for $388M

Standard Motor Products (SMP) has agreed to acquire Nissens Automotive, a European manufacturer of engine cooling and air conditioning products, for approximately $388 million (€360 million) from Axcel and the Nissen family.

“We are delighted to announce this acquisition, which will make our combined business the aftermarket leader in North America and Europe in thermal management products.”smpcorp.com

• 3 sources
• smpcorp.comSMP to Acquire European Aftermarket Supplier Nissens ...Jul 10, 2024
• prnewswire.comStandard Motor Products, Inc. to Acquire European Aftermarket Supplier Nissens AutomotiveStandard Motor Products, Inc.Jul 10, 2024
• aftermarketnews.comSMP To Acquire European Supplier Nissens AutomotiveJeff WhiteJul 10, 2024

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