Solero Technologies finalizes acquisition of Kendrion's Automotive Business to expand product offerings, footprint, and customer base
Solero Technologies finalizes acquisition of Kendrion's Automotive Business to expand product offerings, footprint, and customer base
04/15/24, 12:10 PM
Location
rochester hills
amsterdamIndustry
automotive
manufacturing
automotive
manufacturing
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 Info
Location
Rochester Hills, Michigan, United States
Company info
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.
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Trends
| Raised | Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage. | |
|---|---|---|
| amsterdam | $229.7 M | -74.1% |
manufacturing | $5 B | -60.3% |
automotive | $139.9 M | -95.8% |