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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.
Aftermarket Forum 2019 – going global!
IAM Wolk Aftersales Experts are stepping up their game with [...]
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.