Further to the announcement in October, GKN Wheels & Structures has confirmed that the transfer of the business has concluded today 26th November, 2020, with ownership being fully transferred to Aurelius. The agreement includes the purchase of all GKN Wheels & Structures sites, including its R&D Centres.
This represents a significant acquisition for Aurelius and enables GKN Wheels to continue delivering its ambitious business growth plan and providing market leading products and solutions, first class quality, delivery and service to its customers worldwide.
Abdul Butt, CEO said: “GKN Wheels & Structures will benefit from the commitment and focus of Aurelius, with the transfer bringing opportunities to further grow our business and enabling us to firmly cement our position as the market’s leading manufacturer of off-highway wheels.
“As we drive our business growth plans, we look forward to continuing to deliver market leading products, differentiated technology, solutions and services to our global customers in the off highway and automotive markets.”