AURELIUS Equity Opportunities SE & Co. KGaA announced the acquisition of GKN Wheels & Structures, a manufacturer of off-highway wheels and technical solutions, from GKN. The transaction is expected to close in November 2020, pending regulatory approval.
Nidec Corporation completed the acquisition of 100% of Secop Holding GmbH and other Secop entities, German compressor manufacturer, from Aurelius on July 31, 2017. The companies are being renamed Nidec Global Appliance entities.
Japanese motor maker Nidec plans to fully acquire the Secop group, a German refrigerator components maker, in a deal valued at $227 million. The move aims to capture demand from tightening environmental regulations.
Plastipak Packaging completed the acquisition of the business assets of Evolve Polymers Ltd. from Aurelius at its Hemswell Cliff site in the UK, which can process 6 to 9 billion PET bottles a year. The business began operating immediately under Plastipak's ownership.