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ZF signs definitive agreement to acquire WABCO
ZF and WABCO to form a leading global integrated systems provider for commercial vehicle technology with combined sales of approximately €40 billionComplementary capabilities of both [...]
March 2019
Euromaster confirms partnership with Reifen Kiefer: New franchise partner joins the network with five locations
The garage expert Euromaster has now contractually sealed a new franchise partnership: Reifen Kiefer will change from Top Service Team to Euromaster on 1 July [...]
Euromaster extends offer: Smart Repair now in all German branches
The Euromaster garage marketing system now offers its customers fast and reliable Smart Repair service in all branches. Thanks to a cooperation with the leading [...]
February 2019
Germany’s ZF Friedrichshafen mulls Wabco takeover
German car parts maker ZF Friedrichshafen is considering a takeover of U.S. peer Wabco, daily Handelsblatt reported on Wednesday.
Select AG launches workshop concept for individualists
Select AG wants to convince garages with a new concept. With the so-called owner concept, the NTG wants to specifically target garage owners who have [...]
Germany’s Osram confirms Bain and Carlyle takeover approach
Lighting technology group Osram confirmed “market rumours” that it is in talks to be taken private by Carlyle and Bain, sending its shares up 14.5 [...]
Osram acquires Ring Automotive to strengthen its aftermarket business
With the acquisition of Ring Automotive Ltd., the aftermarket specialist in the field of automotive lighting, electronics and accessories, the high-tech company Osram is expanding [...]
Profi Parts has acquired Autoteile Kubra
Profi Parts Fahrzeugteile Großhandelsgesellschaft, based in Koblenz, Germany, recently acquired Kubra Autoteile GmbH, based in Limburg, Germany. As a result of this acquisition, the Limburg [...]
January 2019
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.
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.
