Nissens

The story of Nissens begins in 1921 in Denmark, when founder Julius Nissen established a small workshop repairing radiators for local garages. For generations, the Nissen family grew the business, expanding from simple repairs to manufacturing its own line of engine cooling and climate control components for the automotive industry. The company evolved from a regional workshop into a leading international supplier, establishing a reputation for quality and innovation in the automotive aftermarket. A significant turning point came in 2017 when the private equity firm Axcel acquired a majority stake in the company, partnering with the Nissen family to accelerate growth. Alan Nissen, a fourth-generation family member, remained a significant co-investor and board member, ensuring continuity. Under Axcel's ownership, Nissens underwent a strategic transformation, splitting into two distinct businesses: Nissens Automotive and Nissens Cooling Solutions, which served the wind power and industrial sectors. This strategic split led to another major event. In 2021, A.P. Moller Holding acquired Nissens Cooling Solutions, recognizing its critical role in the renewable energy supply chain. Subsequently, in 2024, the core automotive business, Nissens Automotive, was acquired by the U.S.-based Standard Motor Products (SMP). This acquisition marked the end of an era of family and private equity ownership, integrating Nissens into a larger, publicly traded global manufacturer and positioning it for future growth in the evolving automotive landscape.