US EditionRandon Expands North American Footprint with Strategic AXN Acquisition
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Randon Expands North American Footprint with Strategic AXN Acquisition
Randon S.A. Implementos e Participações, a Brazilian mobility solutions giant, has acquired AXN Heavy Duty LLC. The company announced this move on January 17, 2025. Randon’s indirect subsidiary, Randon Auto Parts North America, will purchase AXN’s assets for $12.3 million. The deal includes an additional $37 million for inventory acquisition over 18 months. AXN Heavy […]
Randon's stock rose more than 4% at the opening of today after the company announced the acquisition of AXN Heavy Duty in the United States, a transaction that increases its international presence and came out at a valuation considered cheap by analysts. By 14:30 p.m., the increase had fallen to 2.3%, with Randon worth R$ 2.66 billion in B3. The company — the leader in the trailer, semi-trailer and auto parts market in Brazil — paid US$ 12.3 mil…
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