Select your language

Tenneco receives strategic investment to boost its growth

United States. Tenneco, a global supplier of auto parts, announced a strategic investment by the Apollo Fund X in its Clean Air and Powertrain divisions.

The transaction seeks to accelerate the company's growth and strengthen its position in the automotive industry. Private equity firm American Industrial Partners will also participate in the investment, cementing financial backing for Tenneco's expansion. Despite the move, the company will keep its operating structure and management team unchanged.

Since being acquired by Apollo funds in 2022, Tenneco has undergone an operational transformation, optimizing its structure and improving its financial performance. With this new capital injection, the company expects to accelerate its growth both organically and through strategic acquisitions.

"Apollo's endorsement reaffirms confidence in our long-term vision," said Jim Voss, CEO of Tenneco. "This investment will allow us to execute more efficient strategies and consolidate ourselves as a benchmark in the transportation industry."

- Advertising -

The deal, which is expected to close in the second quarter of 2025, strengthens the relationship between Apollo and Tenneco, said Michael Reiss and Shahid Bosan, leaders of the investment team at Apollo.

Citigroup Inc. and Deutsche Bank Securities Inc. advised Tenneco on the transaction, while Barclays Capital Inc., Lazard and PJT Partners LP worked with Apollo Funds.


No comments

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
U.S. auto industry alert: Tariffs threaten jobs, prices

U.S. auto industry alert: Tariffs threaten jobs, prices

United States. Six of the main associations of the U.S. automotive sector sent a joint letter to senior officials of the Donald Trump administration requesting the immediate suspension of the new...

Nissan closes its plant in Argentina and sets off alarms in the regional automotive industry

Nissan closes its plant in Argentina and sets off alarms in the regional automotive industry

Argentina. The Japanese automaker Nissan announced the closure of its factory in Cordoba, Argentina, a measure that has a full impact on the local automotive industry and sets off alerts throughout...

Tritium Launches TRI-FLEX, a Revolutionary Ultra-Scalable Charging Platform for Electric Vehicles

Tritium Launches TRI-FLEX, a Revolutionary Ultra-Scalable Charging Platform for Electric Vehicles

United States. Tritium announced the launch of its new TRI-FLEX charging platform, a state-of-the-art solution that promises to transform charging infrastructure at scale.

Isuzu consolidates its global strategy from Colombia with a new export subsidiary

Isuzu consolidates its global strategy from Colombia with a new export subsidiary

Colombia. The Japanese multinational Isuzu Motor Corporation inaugurated a new company in the Bogota Free Trade Zone as part of its international expansion plan, focused on sustainability, taking...

3D Printing Drives Efficiency in Electrical Component Manufacturing

3D Printing Drives Efficiency in Electrical Component Manufacturing

United States. Aeromotive, which specialises in the manufacture of cable harnesses and connectors for high-demand sectors, has strengthened its "Build-to-Print" programme by integrating advanced 3D...

Pony.ai and Tencent Cloud seal strategic alliance to promote the development and commercial deployment of Robotaxis

Pony.ai and Tencent Cloud seal strategic alliance to promote the development and commercial deployment of Robotaxis

International. This alliance aims to advance the development of autonomous driving technology and accelerate the commercial implementation of its Robotaxi services.

AutoAméricas Show 2026 moves to the Dominican Republic: the key event of the automotive sector changes venue

AutoAméricas Show 2026 moves to the Dominican Republic: the key event of the automotive sector changes venue

Dominican Republic. For the first time, the AutoAmericas Show – a benchmark event for the auto parts and automotive services industry in Latin America and the Caribbean – will be held in the...

Registration open! Medellín will host the first Repintado Days, an event with a Latin stamp dedicated to automotive refinishing

Registration open! Medellín will host the first Repintado Days, an event with a Latin stamp dedicated to automotive refinishing

Colombia. You can now secure your place for Repintado Days, the new event specialized in automotive refinishing that will take place on June 19 in Medellín, and which seeks to consolidate itself as...

Volex begins construction of its new plant in San Luis Potosí

Volex begins construction of its new plant in San Luis Potosí

Mexico. With a symbolic ceremony, Volex gave the starting signal for the construction of its new plant in San Luis Potosí, in a ceremony held on the morning of Monday, April 21, on Manuel Gómez...

The aftermarket for electric vehicles will reach $195 billion by 2035

The aftermarket for electric vehicles will reach $195 billion by 2035

United States. The global aftermarket for electric and hybrid vehicles (xEVs) reached a value of $59 billion in 2024 and is projected to grow to $195 billion by 2035, with a compound annual growth...

Suscribase Gratis
Remember Me
SUBSCRIBE TO OUR ENGLISH NEWSLETTER
SITE SPONSORS










LATEST NEWSLETTER
Monthly Newsletter