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No.1 Chinese e-commerce joins Nexus Automotive International
JD.com, the No. 1 in Chinese BtoC e-commerce and No. 2 worldwide according to Deloitte with $ 55.7 billion in 2017, has just joined the [...]
February 2019
January 2019
RHIAG HAS BECOME PART OF ANIASA
The Italian leader in the distribution of automotive components is now associate of the National Association of Automobile Rental Industry and Automotive Services. Aniasa represents the [...]
ELIT PL is officially part of ELIT Polska
As a result of ownership changes, AD Polska was transformed into ELIT Polska Sp. z o. o. The final stage of this process was to combine the structures with the ELIT PL company operating so far . As agreed, ELIT Polska took over all its assets and became the sole legal successor.
Reifen Kiefer leaves TEAM on 30.06.2019
As TOP SERVICE TEAM KG officially announces, Reifen Kiefer GmbH will leave TEAM on 30.06.2019. Managing Director Michael Kiefer explained the decision in a letter to all TEAM shareholders with the growing dependence on the complete wheel business of the tire industry.
Lausan acquires a majority of Soulima
The global supplier of automobile spare part distribution services Lausan has acquired a majority share of Soulima - Comércio de Peças, SA, the Portuguese spare part wholesaler that was a Serca partner since 2014. The news has been released after eight long months of negotiation to "not make mistakes of the past", as explained by the manager of Lausan, Ander Beldarrain, during the press call in which they have released the news.
RS Exclusively sold to EFTD – contracts signed
Friday night are long negotiations between Thomas Schmidt, owner and CEO of RS Exclusiv, and the representatives of European Fintyre Distribution Ltd. (EFTD) has come to a successful conclusion: the tire wholesaler based in Hohenwestedt near Neumünster will thus have a new owner, along with its 26 TireXpert branches. As is known, the company has been for sale for several years; now the conclusion and the contract signing of the 68-million-euro turnover (2017) making wholesalers and its branches (20 million-euro conversion). US financial investor Bain Capital Private Equity (New York), which is financing the expansion of EFTD, is thus expanding its relevance on the German tire market.
Atherton-based Autoquip Midlands has been bought by Alliance Automotive UK.
Atherton-based Autoquip Midlands has been bought by Alliance Automotive UK.
December 2018
SWISS AUTOMOTIVE GROUP BECOMES MAJORITY SHAREHOLDER OF DAVASA
The Boards of Directors of the Swiss group Swiss Automotive Group (shareholder of Davasa since 2009) and Davasa, have agreed that the Swiss group will increase its current stake to 49% of the capital of Davasa, so that it becomes the partner with the highest participation in Davasa.
INTERNATIONAL TRADING NETWORK FOR AUTOMOTIVE SPARE PARTS FURTHER EXPANDED
ATR International AG gains five strong shareholders in important growth markets.
FMS SCUNTHORPE ACQUIRED BY AAG
Scunthorpe-based FMS Autoparts is the latest company to join AAG UK as a wholly-owned subsidiary.
