Tupy S.A. completed the acquisition of MWM do Brasil from Navistar International Corporation for approximately BRL 870 million.
December 01, 2022
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Tupy S.A. (BOVESPA:TUPY3) agreed to acquire MWM do Brasil from Navistar International Corporation for approximately BRL 870 million on April 18, 2022. The acquisition price representing approximately 4.0x MWM's 2021 EBITDA, paid after closing and will be subject to price adjustments that are common to this type of transaction. MWM reported a revenue of BRL 2.7 billion in 2021. The transaction still requires approval from Brazil's antitrust watchdog CADE and Tupy's shareholders. The transaction has been approved by the Tupy's Board of Directors. As of November 8, 2022, Tupy intends to conclude its acquisition by the end of 2022. Antitrust body Cade already approved the operation without restrictions at the end of October 2022.
Tupy S.A. (BOVESPA:TUPY3) completed the acquisition of MWM do Brasil from Navistar International Corporation for approximately BRL 870 million on December 2, 2022.
Tupy SA is a Brazil-based company principally engaged in the production and commercialization of parts for the automotive industry. The Companyâs activities are divided into two business segments: Automotive and Hydraulics. The Automotive division focuses on manufacturing engines and its components, brake systems, bearings, as well as transmission, steering, axle and suspension components, among others. The Hydraulics division is responsible for producing flexible iron connections for the construction industry, iron and steel grits for the marble and granite processing industry, as well as cast-iron shapes for general use. The Company owns industrial plants and sales offices in a number of countries, such as Brazil, Mexico, the United States and Germany. The Company operates through Tupy Agroenergetica Ltda, Sociedade Tecnica de Fundicoes Gerais SA, Tupy American Foundry Co, Tupy American Iron & Alloys Co and Tupy Europe GmbH, among others.
TUPY S.A. 
