Predict your next investment

Corporation
AUTOMOTIVE & TRANSPORTATION | Automobile Parts
tenneco.com

See what CB Insights has to offer

Investments

10

Portfolio Exits

5

Partners & Customers

10

About Tenneco

Tenneco (NYSE: TEN) is a manufacturing company with headquarters in Lake Forest, Illinois. Tenneco is a designer, manufacturer, and marketer of ride performance and clean air products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco's principal brand names are Monroe®, Walker®, XNOx® and Clevite® Elastomers.

Tenneco Headquarter Location

500 North Field Dr.

Lake Forest, Illinois, 60045,

United States

847-482-5133

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Tenneco

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Tenneco in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Tenneco News

Tenneco raised at JPMorgan as sale to Apollo likely to close on agreed terms

Jun 28, 2022

audioundwerbung/iStock via Getty Images Tenneco (NYSE: TEN ) was raised to overweight at JPMorgan as the auto supplier's $7.1 billion sale to Apollo Global ( APO ) is likely to close on the agreed upon terms. Tenneco ticked up 0.7%. JPMorgan analyst Ryan Brinkman sees three potential scenario for the $20/share deal with 1) the transaction closes on agreed terms, 2) the deal is renegotiated at a lower price and 3) the transaction is terminated, which he see as less likely, though it does contain "substantial" downside risk. In the case of a deal termination, Tenneco ( TEN ) shares could retreat to as low as ~$9.30/share, according to Brinkman. There's a potential for TEN to trade even lower given higher than sector average leverage. "Clearly, this substantial downside risk has kept many investors on the sidelines, but it is also what enables the atypically high +16% upside opportunity (more than +32% annualized, should the transaction close on the agreed upon terms before the end of the year), and we estimate the likelihood of the transaction closing as planned is substantially greater than it being renegotiated or abandoned, for several reasons," Brinkman wrote in a note earlier on Tuesday. Brinkman highlighted that Tenneco's ( TEN ) announcement on Mondaythat it has c ommenced cash tender offers to purchases Tenneco's outstanding 5.125% and 7.875% notes is a good indication of the acquirer's intent to continue with the deal.

Tenneco Investments

10 Investments

Tenneco has made 10 investments. Their latest investment was in Optigraphics as part of their Series D on November 11, 1988.

CBI Logo

Tenneco Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/1/1988

Series D

Optigraphics

$8M

No

1

1/1/1988

Series B

Maxwell Hybrids

No

1

5/1/1987

Series C

Optigraphics

$4M

Yes

1

1/1/1987

Series A

Subscribe to see more

$99M

Subscribe to see more

10

1/1/1987

Series A

Subscribe to see more

Subscribe to see more

10

Date

11/1/1988

1/1/1988

5/1/1987

1/1/1987

1/1/1987

Round

Series D

Series B

Series C

Series A

Series A

Company

Optigraphics

Maxwell Hybrids

Optigraphics

Subscribe to see more

Subscribe to see more

Amount

$8M

$4M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

Tenneco Portfolio Exits

5 Portfolio Exits

Tenneco has 5 portfolio exits. Their latest portfolio exit was Tenneco - Global Aftermarket Filters Business on November 03, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/3/2020

Divestiture

Tenneco - Global Aftermarket Filters Business

$99M

1

2/27/1998

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

9/15/1993

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

2/15/1989

Merger

Subscribe to see more

$99M

Subscribe to see more

0

1/1/1987

Acquired

Subscribe to see more

$99M

Subscribe to see more

0

Date

11/3/2020

2/27/1998

9/15/1993

2/15/1989

1/1/1987

Exit

Divestiture

Acquired

Acquired

Merger

Acquired

Companies

Tenneco - Global Aftermarket Filters Business

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

0

0

0

0

Tenneco Acquisitions

2 Acquisitions

Tenneco acquired 2 companies. Their latest acquisition was Ohlins Racing on November 15, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/15/2018

$99M

Acquired

4

4/10/2018

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/15/2018

4/10/2018

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acquired

Subscribe to see more

Sources

4

10

Tenneco Partners & Customers

10 Partners and customers

Tenneco has 10 strategic partners and customers. Tenneco recently partnered with HCL Technologies on March 3, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

3/31/2021

Vendor

India

HCL to modernize and transform Tenneco’s technology landscape | HCL Technologies

Noida , India -- March 31 , 2021 -- HCL Technologies , a leading global technology company , today announced an agreement with Tenneco Inc. , a leading Fortune 500 global tier-1 automotive supplier and manufacturer , for a multi-year , integrated application development , modernization , and operations services contract .

3

3/25/2021

Partner

Ireland

1

3/25/2021

Partner

Ireland

Eaton and Tenneco partner to produce new, integrated exhaust thermal management system

Power management company Eaton and Tenneco today announced a joint development agreement between Eaton and Tenneco 's Clean Air business group to produce an integrated exhaust thermal management system that will enable commercial truck and light vehicle manufacturers to meet upcoming emissions regulations

8

9/28/2020

Vendor

India

Subscribe to see more

Subscribe to see more

10

3/2/2018

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

3/31/2021

3/25/2021

3/25/2021

9/28/2020

3/2/2018

Type

Vendor

Partner

Partner

Vendor

Partner

Business Partner

Country

India

Ireland

Ireland

India

United States

News Snippet

HCL to modernize and transform Tenneco’s technology landscape | HCL Technologies

Noida , India -- March 31 , 2021 -- HCL Technologies , a leading global technology company , today announced an agreement with Tenneco Inc. , a leading Fortune 500 global tier-1 automotive supplier and manufacturer , for a multi-year , integrated application development , modernization , and operations services contract .

Eaton and Tenneco partner to produce new, integrated exhaust thermal management system

Power management company Eaton and Tenneco today announced a joint development agreement between Eaton and Tenneco 's Clean Air business group to produce an integrated exhaust thermal management system that will enable commercial truck and light vehicle manufacturers to meet upcoming emissions regulations

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

3

1

8

10

10

Tenneco Team

9 Team Members

Tenneco has 9 team members, including current Chief Executive Officer, Brian J. Kessler.

Name

Work History

Title

Status

Brian J. Kessler

Chief Executive Officer

Current

Kevin Baird

Chief Operating Officer

Current

Michael Baunton

President, Managing Director

Former

Jack Thompson

President

Former

Henry Hummel

Executive Vice President

Former

Name

Brian J. Kessler

Kevin Baird

Michael Baunton

Jack Thompson

Henry Hummel

Work History

Title

Chief Executive Officer

Chief Operating Officer

President, Managing Director

President

Executive Vice President

Status

Current

Current

Former

Former

Former

You May Also Like

T
The Bosch Group

The Bosch Group is a global supplier of technology and services. The company's operations are divided into four business sectors: automotive technology, industrial technology, consumer goods, and energy and building technology.

Y
Yazaki

Yazaki is an independent automotive component maker. The company develops and manufactures automotive wire harnesses, meters, electronic components, and a host of other products for automotive use.

V
Vector Informatik

Vector Informatik provides system and functional testing solutions for automotive ECUs and distributed embedded systems. It was founded in 1988 and is based in Stuttgart, Germany.

F
FleetPride

FleetPride supplies heavy-duty truck and trailer parts. The company operates locations in multiple states and carries a full line of nationally recognized, brand-name parts, as well as an assortment of exclusive-brand parts. In addition, FleetPride offers in-house remanufactured products, such as brake shoes and driveline components. Truck and trailer repair services are also offered at a number of locations. It is based in Irving, Texas.

F
FRAM Group

FRAM Group is an online platform that provides travel services.

Hitachi Automotive Logo
Hitachi Automotive

Hitachi Automotive is the automotive branch of Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo. Hitachi is a global electronics company with approximately 384,000 employees worldwide. Fiscal 2006 (ended 31st March 2007) consolidated revenues totaled 10,247 billion yen ($86.8 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.