Bodycote Acquired by Apollo | Manufacturing M&A Deal

Apollo has withdrawn its bid to acquire Bodycote, a manufacturing other business in the UK. Bodycote is a London-listed heat treatment and metallurgical services provider serving industrial customers with materials processing and quality assurance. Apollo acquisitions in manufacturing M&A focus on expanding industrial capabilities through other acquisition opportunities, including private equity acquisition of specialized service platforms. The $2bn bid was terminated, reflecting heightened diligence concerns amid fraud risk in manufacturing M&A, and the private equity acquisition process did not reach completion.