Gates Industrial Corporation plc (NYSE:GTES) will look for acquisitions. Ivo Jurek, Chief Executive Officer said during the UBS Global Industrials and Transportation Conference, "our primary priority remains to delever the balance sheet. I say, as you can imagine, a company like Gates that came in slightly higher elevated leverage into the public market, that was an important parameter. We are going to get below 3 times. We're going to get there pretty quickly. And as you said, we should be in a reasonably good shape exiting 2021. That being said, it does clearly open new avenues with additional optionality going forward. We have significant organic growth opportunities that we continue to [ find ]. First and foremost, we are not short on organic growth opportunities. But clearly, M&A becomes another option for us to drive this growth but we're going to be very disciplined in our approach. We have a small team of people that we've put in place some time ago. It is not a new team, that team has been cultivating a pipeline of opportunities. Let's remind ourselves that we participate in a very large, very fragmented markets. And so we have a good pipeline of opportunities out there. But I think that what is extremely important for us is we are going to remain disciplined. We do not need to jump in and overreact to M&A because our balance sheet is improving. We have more than adequate amount of organic opportunities and when we find the right opportunity to go and acquire and acquire it at a fair valuation, we will do that to ensure that we drive the returns that we anticipate from those type of activities".