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Swiss Automotive Group AG (SAG), headquartered in Cham, Switzerland, signed an agreement with the insolvency administrators on 7 May 2020 for the acquisition of the operations and related assets of the Internet dealer Autoteile Pöllath (ATP).
With this transaction, the necessary steps have been taken to develop the ATP Group once again into one of the leading car parts dealers in e-commerce in Germany.
After closing, which is expected in the next two weeks, and with effect from May 1, 2020, the company will be transferred to a subsidiary of SAG. Until then, the activities of PATT GmbH will remain in insolvency. Thanks to the preparatory work and the regulatory approvals which are expected to be available shortly, SAG’s participation can be realised very quickly in the interests of customers, suppliers and employees.
SAG, based in Cham in Switzerland, is a company specialised in the automotive aftermarket with business customers throughout Europe. In 2019, the SAG Group with over 3650 employees at 180 locations has achieved the equivalent of around 900 million euros in sales. ATP had 400 employees in 2019 and its annual turnover was most recently over 100 million euros.
