Solero Technologies, a global auto supplier in Rochester Hills, today announced it has officially rebranded its new locations following the recent acquisition of Kendrion Automotive.
The acquisition provides Solero with a presence in Europe, substantially increases the company’s scale globally, and expands its product offerings.
The transaction, valued at $71 million (65 million euro), was first announced in April. The acquisition introduces an expanded pipeline of customers and products as well as offers opportunities for future business growth.
Additionally, it will grow Solero’s workforce to approximately 1,400 employees worldwide, as the company adds five locations to its footprint across Europe in Czechia, Germany, and Romania and an additional U.S. location in Shelby, N.C.
“Solero Technologies’ automotive product portfolio, now with the combined roadmap of Kendrion Automotive, continues to be well-positioned for capitalizing on global automotive OEM trends that support the transformation to electrification and sustainability,” says Donald R. James, CEO of Solero Technologies.
“Specifically, our company’s controls expertise positions us to win business across active suspension, thermal management for electric vehicles, smart actuation, engine, and transmission applications. We are globally balanced for growth and fit for the future of mobility.”
Solero was acquired in 2022 by Atar Capital, a Los Angeles-based global private investment firm that prioritizes purpose-driven businesses, with a plan to expand through both organic growth and acquisitions.
“This is an exciting opportunity to expand Atar’s purpose-driven automotive affiliate,” says Cyrus Nikou, founder of Atar Capital. “By uniting these complementary businesses, Solero is poised to accelerate the development and deployment of innovative automotive technologies that reduce environmental impact.”
Solero Technologies offers a range of actuator and solenoid valve solutions that support many automotive systems, including transmission and e-drives, active suspension, thermal management, engine, and comfort.
The company’s capabilities include advanced design, prototyping, development, and manufacturing excellence combined with an intellectual property portfolio across all product categories.
Solero has served the automotive industry for more than 100 years. For more information, visit solerotechnologies.com.
