Standard Motor Products Acquires Kade Trading GmbH

Standard Motor Products Acquires Kade Trading GmbH

Since 2004, Kade Trading has operated across Europe as a supplier of mobile temperature control components.

Standard Motor Products (SMP), a U.S.-based automotive parts manufacturer and distributor, has acquired 100% of the capital stock of Kade Trading GmbH, headquartered in Glinde, Germany. 

Founded in 2004, Kade Trading has operated across Europe as a supplier of mobile temperature control components to commercial vehicle, passenger car and specialty equipment markets, and has been a distributor of SMP products including electric compressors, hose assemblies and receiver dryers. The company generated approximately $6 million in annual revenue during 2021. SMP will fund the acquisition in cash through borrowings under its revolving credit facility.

Eric Sills, Standard Motor Products’ CEO and President, stated, “We are pleased to announce the acquisition of Kade Trading and to welcome the employees to the SMP family. Their well-established customer relationships further strengthen our overall presence in Europe and provides synergies to our other recent specialized non-aftermarket channel acquisitions. Furthermore, this acquisition will provide SMP with an entry point into the European market for our temperature control products with a strong focus on the continuing electrification of thermal systems.

“While still a relatively small business, we believe product categories such as electric compressors along with new complementary specialized products will expand market penetration into the EV segment as the demand throughout Europe evolves over time,” added Sills.

You May Also Like

ENNOVI Achieves EcoVadis Platinum Sustainability Rating

Earning the Platinum Medal for the fourth year ranks ENNOVI in the top 1% of companies for sustainability in 2023.

ENNOVI-Achieves-EcoVadis-Platinum-Sustainability-Rating

ENNOVI has been recognized for its sustainability performance by EcoVadis, a provider of business sustainability ratings. The company has secured the EcoVadis Platinum Medal, placing it in the top 1% of over 130,000 companies assessed worldwide in 2023. This marks the fourth consecutive year ENNOVI has achieved the Platinum rating, which it first received in 2021. ENNOVI said its sustainability team has focused on improving areas such as procurement and labor and human rights.

Rematec Updates Floor Plan for Amsterdam 2025

The event will highlight innovation and sustainability in the automotive aftermarket, focusing on connected vehicles and remanufacturing advancements.

Remantec-Amsterdam-education
Gilbarco Veeder-Root Announces Turnkey EV Charging Business

The recharging ecosystem is designed specifically for the fuel retail industry.

Automechanika Frankfurt 2024 Aims to Embrace Industry Change

The show will focus on sustainability, AI, automation and new talent recruitment in the global automotive industry.

Continental-automechanichka-1400
LKQ to Sell Poland’s Elit Polska to MEKO AB

Elit Polska is a Poland-based distributor of automotive parts, consumables and workshop equipment.

LKQ to Sell Poland’s Elit Polska to MEKO AB

Other Posts

Lumileds to Sell Lamps/Accessories Business to First Brands Group

Lumileds’ automotive lamps factories in China, Germany and Poland are included in the acquisition.

Lumileds-to-Sell-Lamps-Accessories-Business-to-First-Brands-Group
MAHLE Finalizes Sale of its OEM Thermostat Business

As part of the transaction, ADMETOS is taking on around 600 employees in six countries.

MAHLE finalizes sale of its OEM thermostat business
India Auto Market: Transition from ICE to Smart Mobility

Bhatia discusses what is needed for India to emerge as a globally competitive manufacturing and export base, among other related topics.

India-Auto-Market-Transition-from-ICE-to-Smart-Mobility
Transtar Announces Agreement for Axalta to Acquire The CoverFlexx Group

Axalta Coating Systems has signed a definitive agreement to acquire Transtar Holding Company’s subsidiary The CoverFlexx Group.

Transtar-logo-on-white