Tag: Nexion

Private equity firm makes “significant minority investment” in Nexion

Private equity firm makes “significant minority investment” in Nexion

20th December 2019 | 0 Comments

Private equity firm One Equity Partners (OEP) reports making a “significant minority investment” in Italian workshop machinery and automotive solutions company Nexion S.p.A. Financial terms of the private transaction have not been disclosed.

Continue Reading

Nexion acquires Stenhøj Group

Nexion acquires Stenhøj Group

12th March 2019 | 0 Comments

Automotive servicing equipment supplier Nexion has acquired a majority shareholding in Denmark’s Stenhøj Group. Nexion acquired 75 per cent of Stenhøj Group, with a 25 per cent share in the company remaining in the hands of the previous owner, the Dyoe family. The deal, completed on 8 March, sees Nexion, already a global leader in the automotive equipment sector with the Corghi, Bright, HPA-Faip, Mondolfo Ferro, SICE, Orlandini, Tecnomotor, and Teco brands, extend its portfolio to the Danish Group’s products and services in the automotive aftermarket range, which include Dunlop, Autop, Sherpa, Molnar, Bradbury, Tecalemit, Gemco, and its eponymous Stenhøj brand. This list illustrates the current period of consolidation in the garage equipment sector; the acquisition comes two years after the formation of the Corwei joint venture with Bright, an important Chinese competitor.

Continue Reading

Nexion Group and Bright Technology form joint venture

Nexion Group and Bright Technology form joint venture

9th June 2017 | 0 Comments

During May’s Autopromotec, leading Italian garage machinery firm Nexion Group and Chinese garage equipment-maker Bright Technology announced that they have formed a joint venture. According to the two companies, the two firms have formed a third company that will allow Bright and the Nexion Group to “assert itself as a leader in the industry and be active on all global markets with a full range in all product segments from the top of the range to the entry level”.

Continue Reading

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]