Motorcar Parts of America, Inc. acquired all the assets of E&M Power for $9.6 million.
January 01, 2019
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Motorcar Parts of America, Inc. (NasdaqGS:MPAA) acquired all the assets of E&M Power for $9.6 million on December 21, 2018. Under the terms of the transaction, Motorcar Parts paid an initial cash purchase price of $4.42 million including $0.36 million which is being held in escrow to be paid to the former owners of E&M, subject to certain working capital adjustments. In addition, the Motorcar Parts is contingently obligated to make additional payments to the former owners of E&M up to an aggregate of $5.2 million the next 2-3 years.
Motorcar Parts of America, Inc. (NasdaqGS:MPAA) completed the acquisition of all the assets of E&M Power on December 21, 2018.
Motorcar Parts of America, Inc. is a supplier of automotive aftermarket non-discretionary replacement parts and test solutions and diagnostic equipment. Its Hard Parts segment includes light duty rotating electric products, such as alternators and starters, wheel hub products, brake-related products, including brake calipers, brake boosters, brake rotors, brake pads and brake master cylinders, and turbochargers. The Test Solutions and Diagnostic Equipment segment includes applications for combustion engine vehicles, including bench-top testers for alternators and starters, equipment for the pre- and post-production of electric vehicles, and software emulation of power system applications for the electrification of all forms of transportation (including automobiles, trucks, and electric vehicle charging stations). Its Heavy Duty segment includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications.
MOTORCAR PARTS OF AMERICA, INC. 
