Standard Motor Products Completes Nissens Automotive Acquisition
Deal News | Dec 12, 2024 | Wolf Theiss
In a significant move within the automotive industry, Standard Motor Products, a leading aftermarket automotive parts manufacturer, has successfully acquired Nissens Automotive. The completion of this acquisition marks an important expansion for SMP into the European market, leveraging Nissens' strong presence in the region. Legal advisory was provided by Wolf Theiss, whose expertise as local counsel in Warsaw facilitated the cross-border transaction. The acquisition exemplifies SMP's strategic growth ambitions and its commitment to enhancing its global footprint in the automotive aftermarket sector.
Sectors
- Automotive
- Legal Services
Geography
- United States – Standard Motor Products is based in the United States, indicating a significant US presence in the deal.
- Europe – Nissens Automotive has a strong presence in Europe, and the acquisition impacts the market there.
- Poland – Wolf Theiss provided local counsel services in Warsaw, Poland, signifying the geographical importance in the transaction.
Industry
- Automotive – The article discusses the acquisition within the automotive industry, specifically focusing on aftermarket parts.
- Legal Services – The involvement of Wolf Theiss as local counsel highlights the role of legal services in facilitating international transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Standard Motor Products, Inc. | Buyer | Company | A leading manufacturer and distributor of aftermarket automotive parts. |
| Nissens Automotive | Target | Company | A company with a notable presence in the European automotive aftermarket industry. |
| Wolf Theiss | Legal Advisor | Company | A law firm providing local counsel to Standard Motor Products for the acquisition. |