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American Axle, Dowlais
American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal
Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies said on Wednesday.
American Axle in Detroit Acquires British Dowlais Group for $1.44B
American Axle & Manufacturing (AAM) in Detroit has acquired the British Dowlais Group, which includes GKN Automotive and GKN Powder Metallurgy, for approximately $1.44 billion in cash and AAM shares.
American Axle & Manufacturing signs $1.44bn deal to acquire Dowlais
The deal aims to create a “leading supplier of global driveline and metal-forming supplier” for the automotive industry.
4h
Buy Recommendation for Dowlais Group PLC Due to Strategic Acquisition and Asset Valuation
Dowlais Group PLC (DWL – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst ...
13h
American Axle's latest acquisition highlights its long rise from near death
American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, ...
1d
British car parts champion agrees £1.2bn US takeover to cope with electric switch
British car parts maker Dowlais has agreed to a £1.2bn US takeover to cope with the industry switch to electric vehicles (EVs ...
8h
Form 8.3 - The Vanguard Group, Inc.: Dowlais Group plc
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Dowlais Group plc 30-Jan-2025 / 14:24 GMT/BST FORM 8.3 ...
1d
on MSN
Detroit's American Axle buys British driveline maker for $1.44 billion
The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock ...
1d
on MSN
British "industrial aristocracy" Dowlais joins exodus from London stock market
Dowlais traces its roots back to the formation of Dowlais Ironworks Co in south Wales at the dawn of the Industrial ...
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American Axle
GKN
Electric vehicle
London Stock Exchange
Detroit
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