GAU parent reveals UK buying spree, while AP rebrands Solid Auto branch
GROUPAUTO’s parent company Alliance Automotive Group (AAG) has taken over seven UK motor factors over the first half of 2016.
Notable acquisitions include Luton Motor Factors and five-strong CV factor chain HS Astec.
The turnover of the UK branches total more than £26m and are part of the group’s strategy of buying sole traders and small chains across Europe. As reported in the magazine last month, the group recently acquired the nine-branch Busch chain in Germany and it has also bought six businesses this year in France including Electro Diesel Services and Auto Omnia Industries.
Despite having acquired 14 companies operating over 42 sites, the firm has issued no comment on the matter aside from an information bulletin for stakeholders.
Meanwhile, Andrew Page has rebranded Solid Auto, its most recent acquisition, as an Andrew Page branch. The 17,000sq ft site will serve as a ‘hub’ branch and improve the firm’s stock handling capabilities in the South East and South West regions of England as well as reaching customers in Wales.
“The Midlands is a key region for us both in terms of its location from a logistics perspective, as well as the opportunities it brings in reaching additional customers,” said Mark Saunders, Andrew Page Chief Executive. “This site will also help us to expand our operations into Wales, where we are looking to grow further after opening our Cardiff site last year.”
Earlier in the year, Saunders told CAT that Page was still actively seeking businesses