Diversified Royalty Corp. Announces Agreement to Acquire Mr. Lube + Tires Franchisor Business
Diversified Royalty→Mr. Lube + Tires
May 14, 2026
OIO Group has entered into a term sheet for a proposed strategic acquisition of a privately held German specialist automotive engineering and production platform, an industrial services other business in Germany. The target provides specialist automotive engineering, prototype development, and low-volume production capabilities for performance and specialty vehicle applications across Europe, supporting execution of high-complexity programs. OIO Group acquisitions aim to strengthen industrials M&A capabilities in Europe by scaling engineering and production support aligned with the De Tomaso P72 and P900 programmes. The platform acquisition is a strategic acquisition by a strategic buyer, with binding term sheet provisions covering exclusivity, confidentiality, and cooperation, and a 75-day exclusivity period for due diligence and negotiation of definitive transaction documents. Completion remains subject to due diligence, valuation review, definitive agreements, financing or funding arrangements, conditions precedent, and OIO Group board approval.
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May 14, 2026
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