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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