DGAP-News: AURELIUS closes acquisition of GKN Wheels & Structures
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA
/ Key word(s): Takeover
AURELIUS closes acquisition of GKN Wheels & Structures
Munich/London, November 26, 2020 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) announces the completion of its acquisition of GKN Wheels & Structures from GKN.
GKN Wheels & Structures is one of the world's leading manufacturers of off-highway wheels and an innovative engineering solutions provider. The company employs c. 900 people worldwide with four manufacturing facilities in the UK, USA and Denmark in addition to test centres in Italy and the USA. In 2019, GKN Wheels & Structures generated global sales of over GBP170m, demonstrating the company's eminent position as a market leading supplier to the global agricultural, construction, automotive, industrial and mining industries and many of the leading international original equipment manufacturers, distributors and integrators.
The transaction demonstrates AURELIUS expertise in executing complex cross-border carve-outs from large corporates. GKN Wheels & Structures will provide a strong platform for future add-on acquisitions. In the coming months, AURELIUS will support GKN Wheels & Structures in executing its carve-out from GKN, ensuring continuity in the company's day-to-day operations, to establish the business under a new brand name and as a standalone entity.
AURELIUS was advised by Rothschild & Co (financial), Goodwin Procter (legal) and KPMG (tax).
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 26 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de.
ABOUT GKN WHEELS & STRUCTURES
The company employs c. 900 people worldwide with four manufacturing facilities in the UK (Telford), USA (Armstrong and Estherville) and Denmark (Nagbol) and two test centres in Italy (Brescia) and the USA (Woodridge).
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
26.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||AURELIUS Equity Opportunities SE & Co. KGaA|
|Phone:||+49 (0)89 544 799-0|
|Fax:||+49 (0)89 544 799-55|
|Listed:||Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||1150697|
|End of News||DGAP News Service|
Currently there is a rather positive sentiment for Aurelius AG with 6 Buy predictions and 3 Sell predictions.
With a target price of €35.00 there is a hugely positive potential of 50.344% for Aurelius AG compared to the current price of €23.28.