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Britain’s largest independent motor factor chain has been acquired by the South African parts distributor Motus Aftermarket Parts.
Rumors of the takeover have been rife for days, but Companies House filings now confirm that company founder Mukesh Shah resigned on September 30th and a new management team, including Motus’ CFO Carel De Klerk, were appointed directorships on the same day.
At the end of 2021, the Motus Aftermarket Parts had already acquired the British parts distributor FAI Automotive.
Company description:
Motus Aftermarket Parts (MAP) trades in the replacement automotive parts industry, marketing and distributing quality automotive parts or components, DIY, DIFM (do-it-for-me), and leisure travel products. It distributes all leading OE (Original Equipment) brands as genuine replacement parts and offers the customer the option of guaranteed, quality brands.
MAP is accountable for the strategy and implementation of the Motus positioning within the aftermarket parts sector and owns well-known brands such as: Midas, Alert Engine Parts, Beekman, Motolek, Auto Care and Diagnostics, ADCO, CBS, Silverton Radiators.
MAP has various sustainability initiatives underway, to not only drive awareness around but also reduce the impact of its activities on the environment. Additionally, the organization is committed to a number of socio-economic development programs across South Africa.
MAP is a division of Motus Corporation. A diversified (non-manufacturing) business in the automotive sector with unrivaled scale and scope in South Africa, and a selected international presence primarily in the UK and Australia. MOTUS’ unique business model is fully integrated across the automotive value chain through its four key business segments: Import and Distribution; Retail and Rental; Motor-related Financial Services; and Aftermarket Parts.
