# 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.

- Type: Acquisition
- Announced: 2024-07-10
- Where: Denmark
- Value: $388.0M
- Status: announced
- Products: engine cooling products, air conditioning products, vehicle control technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Standard Motor Products](https://endata.com/companies/2489.md) (acquirer)
- [Nissens Automotive](https://endata.com/companies/51493.md) (target)
- [Axcel](https://endata.com/companies/56551.md) (investor)
- [Axcel](https://endata.com/companies/56551.md) (partner)

## Sources

- [smpcorp.com](https://www.smpcorp.com/newsroom/financial/smp-to-acquire-european-aftermarket-supplier-nissens-automotive), 2024-07-10: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/standard-motor-products-inc-to-acquire-european-aftermarket-supplier-nissens-automotive-302193452.html), 2024-07-10: "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."
- [aftermarketnews.com](https://www.aftermarketnews.com/smp-acquire-nissens-automotive/), 2024-07-10: "Standard Motor Products, Inc. (SMP) announced it has reached a definitive agreement to acquire AX V Nissens III APS (Nissens)."

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