Solero Technologies, with the support of Atar Capital, has recently announced the acquisition of Kendrion’s automotive business. Renowned for its global supply of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules, Solero has also ventured into the development and launch of active suspension and electrification components.
This acquisition will not only expand Solero’s global presence but also add five European plants located in the Czech Republic, Germany, and Romania, as well as one plant in the U.S. This move is expected to double the company’s annual revenue, marking a significant development for Solero Technologies.
The acquisition of Solero Technologies by Atar Capital, a Los Angeles-based global private investment firm, two years ago was aimed at propelling the company’s expansion through both organic growth and strategic acquisitions. This recent move to acquire Kendrion’s automotive business aligns with this growth strategy.
In another related announcement, ZF Aftermarket has unveiled the launch of 33 new part numbers in March for SACHS Continuous Damping Control (CDC) shock absorbers, catering to approximately 1.6 million passenger vehicles in operation in the U.S. and Canada. This expansion of product offerings reflects the increasing demand for advanced damping technology in the aftermarket, as stated by ZF.
The expansion of Solero Technologies through the acquisition of Kendrion’s automotive business demonstrates the company’s strategic vision for growth and expansion. By broadening its global footprint, Solero aims to fortify its position as a leading supplier of automotive components and further meet the growing demand for advanced automotive technology.
As Solero Technologies continues to make significant strides in the automotive industry, it remains evident that the company is dedicated to solidifying its presence in the global market. The acquisition of Kendrion’s automotive business is poised to bring about a new phase of growth and development for Solero, enabling it to further establish itself as a key player in the automotive sector.
With the expansion of ZF Aftermarket’s product offerings for SACHS CDC shock absorbers, the aftermarket industry is witnessing a surge in demand for advanced automotive technology. This development underscores the increasing need for innovative solutions in the automotive sector, further driving the growth and evolution of the industry.
In conclusion, the acquisition of Kendrion’s automotive business by Solero Technologies and the expansion of ZF Aftermarket’s product line both signify a shift towards advanced automotive technology and strategic growth in the industry. These developments are indicative of the evolving landscape of the automotive sector and the increasing demand for innovative solutions. As the industry continues to progress, such strategic initiatives are poised to shape the future of automotive technology and expansion.