Standard Motor Products Acquires Nissens Automotive
November 1, 2024
Standard Motor Products, Inc. (SMP) has completed the acquisition of AX V Nissens III APS ("Nissens") from Nordic private equity firm Axcel and the Nissen family for approximately $390 million (€360 million), net of cash and assumed debt. The deal brings the Denmark-headquartered thermal-management and aftermarket air‑conditioning supplier into SMP’s portfolio to create an aftermarket leader across North America and Europe and drive cross‑selling and synergies.
- Buyers
- Standard Motor Products, Inc.
- Targets
- Nissens Automotive
- Sellers
- Axcel, Nissen family
- Industry
- Automotive
- Location
- Denmark
- Transaction Type
- Buyout
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