Asset management group Aurelius Equity Opportunities has agreed to acquire GKN Wheels & Structures from GKN.

GKN Wheels & Structures makes off-highway wheels and employs around 900 people in four manufacturing facilities in the UK, USA and Denmark with test centers in Italy and the USA. In 2019, the company generated global sales of over £170 million, according to GKN.

‘This is an exciting acquisition for Aurelius and provides us with a strong platform for future growth in the off-highway wheels manufacturing sector,’ said Matthias Täubl, member of the executive board of Aurelius.

This story uses material from GKN, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.