Axcel is set to sell Nissens Automotive, a leading provider of thermal management products, to Standard Motor Products, enhancing SMP's presence in the European aftermarket.

Target Information

Nissens Automotive is a prominent European provider specializing in thermal management and engine efficiency products for the independent automotive aftermarket. Founded in 1921 by the Nissen family and based in Denmark, Nissens has established itself as an industry leader. The company is set to be acquired by Standard Motor Products, Inc. (SMP), a global manufacturer and distributor of automotive parts headquartered in Long Island City, NY, which operates over 6,000 employees across various manufacturing, distribution, engineering, and office facilities in North America, Europe, and Asia.

Under the ownership of Axcel, Nissens Automotive experienced remarkable growth, achieving more than double its revenue to exceed DKK 1.8 billion. The strategic decisions made during this period allowed Nissens to position itself for future mobility trends, especially in the thriving electric vehicle segment. Following a shared commitment towards innovation, the company has expanded its product portfolio, making significant strides to adapt to a changing automotive landscape.

Industry Overview

The automotive aftermarket industry in Europe has been experiencing significant transformation in recent years, driven by technological advancements and shifts in consumer preferences towards sustainable and efficient