# AAM to combine with Dowlais for $1.44 billion

American Axle & Manufacturing (AAM) agreed to acquire Dowlais Group plc for approximately $1.44 billion in cash and stock, creating a leading global driveline and metal forming supplier.

- Type: Acquisition
- Announced: 2025-01-28
- Where: Detroit, Michigan, United States
- Value: $1.44B
- Status: announced
- Products: driveline components, metal forming products for ICE, hybrid and electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [American Axle & Manufacturing Holdings, Inc.](https://endata.com/companies/16987.md) (acquirer)
- [GKN Powder Metallurgy](https://endata.com/companies/23623.md) (target)
- [GKN Automotive](https://endata.com/companies/44656.md) (target)
- [Dowlais Group](https://endata.com/companies/46062.md) (target)

## Sources

- [aam.com](https://www.aam.com/media/story/aam-announces-combination-with-dowlais), 2025-01-29: "AAM is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc on the terms of a recommended cash and share offer."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2025-01-29/american-axle-dowlais-are-in-talks-on-transatlantic-auto-deal), 2025-01-29: "American Axle & Manufacturing Holdings Inc., a maker of drivetrain components, has agreed to combine with UK peer Dowlais Group Plc in a transatlantic automotive deal."
- [reuters.com](https://www.reuters.com/markets/deals/us-auto-supplier-american-axle-acquire-uks-dowlais-144-bln-deal-2025-01-29/), 2025-01-29: "Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion)."
- [metal-powder.tech](https://www.metal-powder.tech/gkn-powder-metallurgy-and-gkn-automotive-set-for-aam-takeover-in-1-44-billion-deal/), 2025-01-29: "This announcement marks another key milestone in our continued long-term strategic growth plan."
- [metal-am.com](https://www.metal-am.com/gkn-powder-metallurgy-and-gkn-automotive-set-for-aam-takeover-in-1-44-billion-deal/), 2025-01-29: "This announcement marks another key milestone in our continued long-term strategic growth plan."
- [americanmachinist.com](https://www.americanmachinist.com/news/article/55264518/drivetrain-manufacturers-combine-in-144b-deal-american-axle-manufacturing), 2025-01-30: "We are excited to bring together these two outstanding companies to create a leading driveline and metal-forming supplier serving the global automotive industry as it continues to evolve."
- [3dprint.com](https://3dprint.com/316117/american-axle-manufacturing-acquires-gkn-powder-metallurgy-and-gkn-automotive-for-1-44b/), 2025-01-31: "This announcement marks another key milestone in our continued long-term strategic growth plan."
- [gmauthority.com](https://gmauthority.com/blog/2025/02/gm-supplier-american-axle-to-acquire-gkn-automotive-owner-dowlais/), 2025-02-02: "we will have the powertrain-agnostic product portfolio, global reach, commitment to innovation and financial strength to meet the needs of customers."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5281184/strategic-consolidation-aams-acquisition-of-dowlais-group), 2025-04-03: "AAM expects that the acquisition of Dowlais Group will help it establish a dominant presence in the global driveline and metal-forming supply sectors."

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