Randon S.A. Implementos e Participações completed the acquisition of Hercules Enterprises, LLC.
November 31, 2022
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Randon S.A. Implementos e Participações (BOVESPA:RAPT4) signed membership interest purchase agreement to acquire Hercules Enterprises, LLC for $39.6 million on July 7, 2022. The consideration will be paid on date of conclusion of the deal, the amount of which will be subject to the usual adjustments, including the variation in working capital, as well as any increase in the form of earn out as provided for in the agreement. The closing will happen after the fulfillment of the conditions precedent established in the agreement, and is not subject to approval by antitrust bodies in any jurisdiction.
Randon S.A. Implementos e Participações (BOVESPA:RAPT4) completed the acquisition of Hercules Enterprises, LLC on November 1, 2022.
Randon SA Implementos e Participacoes, formerly Randon Participacoes SA, is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The Company's activities are divided into three business segments: Railway wagons and vehicles, which focuses on the production and distribution of various wagon types, such as hopper, gondola, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers; Automotive parts, which is responsible for the manufacture and marketing of automobile components for suspension, brake and transmission system, among others, and Services, which provides services related to the administration of consortium groups for the purchase of durable goods, as well as financing services for the Company's customers. It operates a distribution network in Latin America and Africa. The Company is a subsidiary of Dramd Partiicipacoes e Administracao Ltda.