tiprankstipranks
Standard Motor Products Expands with Nissens Acquisition
Company Announcements

Standard Motor Products Expands with Nissens Acquisition

The latest announcement is out from Standard Motor Products ( (SMP) ).

Don't Miss our Black Friday Offers:

Standard Motor Products, Inc., a prominent automotive parts manufacturer, has completed its $390 million acquisition of Nissens Automotive, a leading European supplier of vehicle cooling and air conditioning products. This strategic move positions SMP as a dominant player in both North American and European markets, promising growth opportunities through enhanced synergies and cross-selling initiatives. The acquisition is expected to bolster SMP’s offerings in key product categories, leveraging Nissens’ strong leadership and cultural alignment.

See more insights into SMP stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskStandard Motor Products Reports Strong Q3 2024 Performance
Jason CarrStandard Motor Products (SMP) Q3 Earnings Cheat Sheet
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App