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New Deal


Announced

Safe Fleet to acquire Durite.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

vehicle safety products

Majority

United Kingdom

Cross Border

Pending

Acquisition

Auto Parts

Private

Friendly

Synopsis

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Safe Fleet, a supplier of safety and productivity solutions for fleet vehicles, agreed to acquire Durite, an electrical, lighting, and vehicle safety products brand. Financial terms were not disclosed. "Durite is a great strategic and cultural fit within our fleet safety brand portfolio and establishes a new footprint for Safe Fleet outside of North America. This is an exciting addition to our leading commercial vehicle brands and aftermarket product portfolio," Mike Schulte, Safe Fleet President.

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