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Announced

Completed

AURELIUS to acquire propulsion solutions business from Harbor-backed Dayco.

Synopsis

AURELIUS, an alternative investor, agreed to acquire propulsion solutions business, that operates on a global scale and serves as a trusted partner to a range of LV-OEMs, from Harbor-backed Dayco, a company specializing in the research, design, manufacturing and distribution of essential engine products, drive systems and services. Financial terms were not disclosed. “Dayco Propulsion Solutions underlines our growing focus on North America. We are grateful to be chosen as a trusted partner by Dayco and its shareholder, financial sponsor Hidden Harbor Capital Partners. Looking ahead, we aim to build on the company’s strong positioning in its sector and to drive further growth," Fabian Steger, AURELIUS Managing Director.

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