German investment firm buys wheel manufacturer GKN Wheels
Oct 27, 2020
German investment firm Aurelius Equity Opportunities SE & Co. K.G. acquires GKN Wheels & Structures, a specialist in the production of wheels for special vehicles with production in the UK, Denmark and the USA.
The deal, which is currently being reviewed by antimonopoly authorities, may be completed in November this year. The financial side of the deal was not disclosed.
GKN Wheels has been operating since 1908. Based in London, it designs, manufactures and supplies wheel rims for a variety of applications including agriculture, construction and mining. GKN Wheels sales reached $215 million in 2019. The company employs over 900 people.
Munich-based Aurelius Equity Opportunities considers GKN Wheels a global market leader with a strong customer base and good growth potential.