GKN Wheels & Structures to be acquired by AURELIUS

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) today announces that it has agreed to acquire GKN Wheels & Structures from GKN., a manufacturer of off-highway wheels and an innovative engineering solutions provider. The company employs about 900 people worldwide with four manufacturing facilities in the UK, USA and Denmark, and test centres in Italy and the US.

In 2019, GKN Wheels & Structures generated global sales of over £170m, 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.

This transaction represents another example of AURELIUS’s specialisation in complex divestment processes from large corporates. 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.  Going forward, AURELIUS will work with GKN Wheels & Structures’ existing management team to continue delivering the company’s business plan. AURELIUS will look to build on the business’ market-leading position by exploring the potential for further sector consolidation and leveraging its operational expertise to help optimise the company’s activities. 

“This is an exciting acquisition for AURELIUS and provides us with a strong platform for future growth in the off-highway wheels manufacturing sector. We look forward to building on the good work of the GKN Wheels and Structures management team and working with them to ensure a smooth transition in the coming months," said Matthias Täubl, Member of the Executive Board of AURELIUS.

 

[Image: Jonathan Mast for Unsplash] 

 

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