Nissens has announce the planned acquisition of a selection of subsidiaries in AVA Cooling from Enterex International Limited Group. The acquisition includes AVA companies in Benelux, CEE, the U.K. and Denmark. Additionally, a dialogue on the acquisition of AVA Cooling in France is initiated. AVA Cooling in Italy is not included in the acquisition.
The acquisition is an important element in the strategic endeavors to enhance Nissens’ position as the leading automotive aftermarket specialist within Engine Cooling (EC), Air-Conditioning (AC) and Efficiency & Emissions (EE) product categories.
Executive Vice President of Nissens Automotive, Klavs T. Pedersen, commented, “We are very pleased about our announced plans for acquisition, and we look forward to working with the employees and the customers of AVA Cooling. We will actively maintain two separate brand lines in the market and build on both the AVA brand and the Nissens brand. AVA Cooling provides a highly suitable response to a growing demand for a reliable and competitive product range for EC and AC applications, not least for the growing demand for aging car park applications. Nissens offers a versatile and premium product offer within EC, AC & EE categories targeting the needs for attractive time to market performance, full carpark coverage and new technologies. By joining forces with AVA Cooling, we continue to strengthen our service offers to the leading, global players in the independent aftermarket.”
With regard to the continued co-operation with the customers of AVA Cooling, Pedersen added, “With immediate effect, AVA and Nissens will engage in a process of carefully implementing a smooth merger of AVA’s and Nissens’ business platforms. In this process, there is a strong operational focus on securing that the customers of AVA Cooling will experience no disturbance or impact on their ongoing, daily co-operation with the local AVA subsidiaries.”
The planned transaction currently awaits formalization of final completion.
