News: Private Equity in Remanufacturing
The role of private equity in the aftermarket and the remanufacturing industry was discussed at last month's ReMaTec2013 exhibition in Amsterdam, The Netherlands
Tuesday, 30th July 2013
Organised by MERA, the Motor & Equipment Remanufacturers Association, together with Ernest & Young, the meeting attracted a number of executives. "The aftermarket - and - remanufacturing is an attractive industry for PE investors as it is a relatively untapped market and it holds many growth opportunitiesespecially in remanufacturing as the industry and consumers focus more on sustainability," Ernest &Youngs Global Automotive Leader Michael Hanley told the audience. "All the ingredients for a robust market are present. There is no shortage of financing, and there is a growing appetite for companies to buy and sell." "The EY Global Automotive Center is a trusted resource for industry intelligence for MERA members," said John Chalifoux, president and COO, MERA. "Our invited members and guests found the discussion at ReMaTec2013 to be particularly helpful as they seek new opportunities in a growing and global remanufacturing marketplace".