Nissens to Acquire Part of AVA Cooling
DENMARK / AGILITYPR.NEWS / November 27, 2020 / Nissens is pleased to 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, UK and Denmark. Additionally, a dialogue on the acquisition of AVA Cooling in France is initiated, whereas 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, Mr Klavs T. Pedersen, states:
“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, Mr Klavs T. Pedersen emphasizes:
“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 formalisation of final completion.
About Us
AVA Cooling is an international manufacturer and distributor of engine cooling and air-conditioning parts. AVA Cooling holds more than 50 years of market experience. Since early 2017, AVA Cooling has formed a part of the Enterex International Limited Group, which is listed on the stock exchange in Taiwan. AVA Cooling has local sales and distribution centers located in a number of countries in Europe.
Nissens Automotive is a market leading manufacturer and supplier of thermal products and services targeted for the international automotive aftermarket. The company forms a part of the Nissens Group and dates back to 1921. The group headquarter is in Denmark with private equity and investment company, Axcel, as majority stakeholder since 2017. Nissens Automotive services a global customer portfolio through manufacturing, sales and distribution setups in Asia, Americas and Europe.
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