ABC Technologies Holdings Acquires Karl Etzel GmbH

March 4, 2022

ABC Technologies Holdings Inc. (TSX: ABCT) completed its previously announced acquisition of a majority interest in Karl Etzel GmbH for approximately US$95 million. The deal expands ABC’s European footprint and introduces its interior products capabilities, with the transaction expected to grow Etzel’s role as a tier-1 and tier-2 supplier to German luxury OEMs.

Buyers
ABC Technologies Holdings Inc., AP IX Alpha Holdings (Lux) S.à.r.l, Apollo Global Management (Apollo Funds), Oaktree Capital Management (Oaktree Funds), OCM Luxembourg OPPS XI S.à.r.l, OCM Luxembourg OPPS XB S.à.r.l
Targets
Karl Etzel GmbH
Sellers
Schürrle family
Platforms
Location
Germany
Transaction Type
Buyout

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