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Automotive Aftermarket News
Powerhouse for India’s aftermarket: Pitzo & Devshi group joins TEMOT
TEMOT International has added another big player to the ranks of its shareholders: Effective June 1, 2021, New Delhi-based Pitzo India Private Limited joined the Group together with its affiliate Devshi. Both, Pitzo India and [...]
AAG Benelux acquires wholesaler Hacos
AAG Benelux acquires automotive materials wholesaler Hacos, which is then integrated into the PartsPoint network. Hacos was founded in 1968 and currently has eighteen employees. Rob Visser, director of the Partspoint network, calls Hacos a [...]
Nyanza Autoparts and Westleigh Motor Factors acquired by Alliance Automotive Group
Coventry-based Nyanza Autoparts has been acquired by Alliance Automotive UK. Described as ‘one of Coventry’s oldest car parts and accessory suppliers’, Nyanza was formed in the 1980s by the Raichura family and expanded following the [...]
Parts Holding Europe withdraws its initial public offering
Parts Holding Europe ("PHE") and its reference shareholder Bain Capital have decided to withdraw the project IPO of PHE on the regulated market of Euronext Paris. The proposed offer has aroused strong interest from long-term [...]
Alliance Automotive acquires webshop Winparts
Alliance Automotive Group (AAG) has acquired the online parts shop Winparts from founders Ari and Meinard van Essen. Following the launch of the PartsPoint wholesale network, the acquisition is the next step in the multichannel [...]