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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.
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.
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.
ATR International AG gains five strong shareholders in important growth markets.
Scunthorpe-based FMS Autoparts is the latest company to join AAG UK as a wholly-owned subsidiary.
The owners of ATS-Wesel GmbH, Herbert Heissing and Martin Locker, hand over their tire and car service operations in Wesel to Pneuhage Reifendienste Süd GmbH on February 1, 2019. According to the company's announcement, the acquisition secures the future of the site and its seven employees.
A sudden development in Poland: HM Gordon, an independent distributor and member of GroupAuto Polska, is now joining AD International and changing its name to AD Polska. AD International lost its Polish member in 2017, when former AD Polska was bought by Rhiag and rebranded as Elit. HM Gordon was by far the biggest member of GroupAuto Polska in the segments of passenger car parts and the only one with nationwide coverage.
Nexus Automotive International has just nicely strengthened its French presence. On 1 stDecember, the global group with more than 16 billion € added Feu Vert/Impex and First Stop France to his "French case". With these two new members of national sizes Nexus itself as 3 rd player in the French market for independent distribution. And it is armed with pneumatic potential, one of the key services of the after-sales of today ...
Bolton-based GL Motor Factors, a single branch factor and retail shop, has been acquired by AAG.
