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Gorrissen Federspiel has advised Axcel, the controlling shareholder, on the divestment of Nissens Automotive, a leading manufacturer for the international automotive aftermarket, to Standard Motor Products, Inc., which is listed on the NYSE.
Nissens Automotive specializes in the production and supply of thermal management and engine efficiency products.
The transaction is subject to customary regulatory approvals.
Upon closing, Standard Motor Products, Inc. will acquire all shares previously held by Axcel, co-investors, and the Nissen family.
Gorrissen Federspiel’s core team was led by Tobias Linde and assisted by Kasper Berg, Mahmut Duvarci and Nicolai Uno Madsen.
Congratulations from us at Gorrissen Federspiel to Axcel and everyone else involved.