Transactions

McConnell Seats – sale to APM Automotive Holdings

Miles Advisory Partners advised the shareholders of Presidian on its sale to McMillan Shakespeare Limited (ASX:MMS)

Transaction Details

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Sector
Industrial
Miles Role

Sell-side advisor to Presidian

Deal Type

Business Divestment

Year Completed

2015

Contacts for this Transaction
Lloyd Way
Managing Director
Contact Lloyd Way

Overview

  • Founded in 1952, McConnell Seats is a Melbourne-based designer and manufacturer of public sector mass transit seating, supplying bus, rail and light rail operators across every Australian state and territory
  • APM Automotive Holdings, a Malaysian-listed automotive parts manufacturer, acquired the business for A$4.7 million through its Australian subsidiary APM Auto Components
  • The acquisition formed part of APM's strategy to expand its market base overseas, leveraging McConnell's existing products and customer base while creating an opportunity to market additional seat models internationally through the APM Group

Further information on this transaction is available at: McConnell Seats / APM Automotive Holdings Press Release