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Solero Technologies finalizes acquisition of Kendrion's Automotive Business to expand product offerings, footprint, and customer base

Apr 15, 2024•over 1 year ago

Acquiring Company

Solero Technologies

Acquired Company

Kendrion

Rochester HillsAmsterdamAutomotiveManufacturingAutomotiveManufacturing

Description

Solero Technologies, with support from Atar Capital, has reached an agreement to acquire Kendrion's automotive business. This strategic acquisition is expected to significantly expand Solero's product offerings, geographic footprint, and customer base. The combined company will be well-positioned to capitalize on global opportunities in line with the industry's transformation to electrification and sustainability.

Company Information

Company

Solero Technologies

Location

Rochester Hills, Michigan, United States

About

At Solero Technologies, we get life moving. Solero Technologies is a leading global supplier of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules with recent development and launches of active suspension and electrification components. Our capabilities include advanced design, prototyping, development and manufacturing combined with a strong intellectual property portfolio across product categories. For more than 50 years, we have built an acclaimed reputation for developing and delivering quality solenoid products to automotive OEMs, the aftermarket and other industrial sectors. Our industry-leading solenoid products are critical to the optimal performance of vehicles today and tomorrow.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed