Standard Motor Products, Inc. to Acquire European Aftermarket Supplier Nissens Automotive
SMPSMP(SMP) Prnewswire·2024-07-10 19:36

Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control productsExpands SMP's portfolio of powertrain-neutral product categoriesPurchase price of 388millionrepresents approximately7.5xEBITDAmultipleinclusiveofestimatedrunratecostsynergiesWillbeimmediatelyandmeaningfully accretiveinthefirstfullyearofthetransaction388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergiesWill be immediately and meaningfully accretive in the first full year of the transaction 8-12M in estimated run-rate cost synergies within 24 months, with additional opportunity for ...