Tag Archive | "deals"

AAG ACQUIRES PLATINUM INTERNATIONAL

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AAG ACQUIRES PLATINUM INTERNATIONAL


The Alliance Automotive Group (AAG) has acquired battery distributor Platinum International. Terms of the deal have not been disclosed.

Previously known as UK Batteries, Platinum International was formed in 2002 by Chris Taylor following the sale of a previous battery venture. Speaking about the acquisition, he said: ““I am delighted to see Platinum become part of AAG, especially with its reputation as a leader in the UK market. Platinum has been built over a long period of time and I would like to thank my team for their hard work and contribution to making the business a success. The development of Platinum is also a testament to how much support and loyalty we receive from our customers and suppliers and I am convinced that, together with AAG, Platinum will continue to achieve great things. I am confident that I’ve found the best long-term home for the business.”

AAG, which is owned by the U.S based Genuine Parts Company, has made a number of acquisitions in the UK over the year to date, most of which have been all-makes motor factors. Platinum joins Apec Braking and BTN Turbo as AAG’s specialist distributors.

Steve Richardson, Managing Director of AAG UK stated, “We are excited to welcome Platinum into our UK business and to strengthen our position in the UK battery market. We have tremendous respect for Platinum as a long standing supplier to our Group and are confident the integration of the company into AAG will add value for all our customer and lead to long term, sustainable, growth. Platinum has a strong and talented management team and is an excellent strategic fit for our group”.

 

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HONEYWELL GARRETT APPOINTS TURBOACTIVE AS ‘MASTER DISTRIBUTOR’

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HONEYWELL GARRETT APPOINTS TURBOACTIVE AS ‘MASTER DISTRIBUTOR’


Honeywell turbochargers have new distribution.

Turbocharger manufacturer Honeywell Garrett has appointed Teeside-based Turboactive as a ‘master distributor’ for the UK and Northern Ireland. Rival distributor BTN Turbo is also a master distributor for the brand, and will continue to be so.

”We are very excited  about being appointed a Garrett Master Distributor as it marks a significant change in customer choice, it enables our customers to choose from a huge range of turbos for all sectors-both new and remanufactured” said MD Steve Bush.

Mr. Bush said that the move would give the company access to new markets, allowing it to expand yet further into commercial vehicles and industrial applications in addition to enhancing the light vehicle offering.  He added, ” We are thrilled to have been selected as only one of just two distributors of Honeywell Garret products in the UK market!”

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ELTA AUTOMOTIVE IN MANAGEMENT BUY-OUT

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ELTA AUTOMOTIVE IN MANAGEMENT BUY-OUT


Component supplier and Lucas licence holder, Elta Automotive has been subject to a management buy-out.

Terms of the MBO have not been announced, nut current MD Ian Hallam, who has worked with Elta since the company was incorporated, has become the company’s co-owner, alongside long-term European partner Luxline spol. s r.o – lead by Vladimír Palacka. Ian Hallam and Luxline become equal shareholders of a new holding company, Elta Investments replacing the previous holding company, Claverdon Fields.

The formation of a newco required the existing Lucas licence to be renegotiated. Elta will continue to supply bulbs, wiper blade and switchgear under the Lucas brand in the UK and Continental Europe, but engine management products bearing the name will now be supplied by SMPE.  As a result, Elta’s engine management programme will be supplied under the ‘Pro’ brand, announced last year.

“Our relationship with the iconic Lucas brand remains extremely important and will be a cornerstone of our European offering” remarked Hallam.

Elta HQ in Coleshill

“However, as would be expected, a change of ownership inevitably requires a new licence agreement with the brand owners, which is why we are particularly delighted to be able to announce that this has been secured and on a mutually positive basis for both parties” he said, adding that he was ‘thrilled’ with the prospect of a ‘significantly wider territory’ to sell the Lucas brand into.

 

 

 

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NEW CASTROL DISTRIBUTION DEAL FOR CERTAS COMPANY

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NEW CASTROL DISTRIBUTION DEAL FOR CERTAS COMPANY


Lubricant distributor The Race Group has announced that it has renewed its partnership with Castrol with a new five-year contract, extending its supply of product to customers in the South of England in addition to the Midlands and the North which were covered int the previous agreement.

The contract secures The Race Group, part of nationwide distributor Certas Energy, as Castrol’s largest authorised distributor in the UK.

Andrew Salton, General Manager at Certas Energy and Sales Manager at The Race Group, commented, This is great news for both current and new customers who will experience improved levels of service and technical knowledge”.

 Mark  Scarisbrick, Distributor Manager at Castrol UK, added,“As our chosen route to market, we awarded The Race Group the contract to grow the Castrol brand in the South of England. We are confident that customers will enjoy a professional service that delivers business results. Given our long standing partnership we have the utmost trust in their experience, expertise and capabilities to be an ambassador of the Castrol brand across the South of England”.

 

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HELLA COMPLETES €395m MEKONOMEN DEAL


Hella has successfully concluded sale of wholesale businesses FTZ and Inter-Team

The Danish and Polish wholesale businesses were transferred to Swedish wholesaler Mekonomen after approval by the cartel authorities

 After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to € 395 million.

“We are delighted about the successful conclusion of the transaction. From now on we will be able to focus our aftermarket activities even more on the two strategic columns independent aftermarket and innovative workshop equipment,” says Dr. Werner Benade, Managing Director of the Aftermarket and Special Applications segments at HELLA. “In particular, we are thus going to advance the interaction between both areas and accelerate the development of new digital business models.”

FTZ and Inter-Team employ a total of around 2,500 people. In the last fiscal year 2017/2018 the two wholesalers achieved total sales of around € 500 million. This corresponds to approx. seven percent of HELLA’s group consolidated sales.

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MAHLE TO ACQUIRE BEHR HELLA SERVICE

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MAHLE TO ACQUIRE BEHR HELLA SERVICE


Mahle’s Telford site

Filter manufacturer Mahle is to acquire Hella’s shares in Behr Hella Service, subject to the usual approvals. Terms of the deal have not been disclosed.

Currently, the operation is a joint venture between Mahle and Hella, but if the acquisition is successful Mahle intends to manage the spare parts business for thermal management products on its own.

There will be a transitional period, but it is planned that thermal products will be sold under the Mahle brand from the start of 2020.

Noting that Hella plans to concentrate on its core competences of lighting and electronics, coupled with workshop equipment, Dr Andreas Habeck, a BDM from Hella, said: “Together we will make the transition of the business activities as smooth as possible for our customers”.

Olaf Henning, Head of Aftermarket at Mahle said: “Efficient thermal management will play an increasingly important role in future – for all powertrain technologies. This move will allow us to give the best possible support in this promising area and ensure the successful operation of workshops.

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HELLA SELLS DISTRIBUTORS TO MEKONOMEN

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HELLA SELLS DISTRIBUTORS TO MEKONOMEN


Hella GmbH is selling its Danish and Polish parts distributors, FTZ Autodele & Verktoj  (FTZ) and Inter-Team s.p to the Swedish wholesaler, Mekonomen AB. A corresponding agreement has been signed by both companies. Terms of the deal amount to €395 million on a cash- and debt-free basis. In addition, a consideration equivalent to profits generated from November 30, 2017 to completion of the transaction will be paid to Hella. The sale is subject to approval  and is expected to close in Q3 2018. Financial advice was provided by Jefferies,

“With Mekonomen, a renowned wholesaler will take over our activities in Denmark and Poland, which will strategically develop the business,” explains Dr Werner Benade, Hella GmbH Managing Director. “We will systematically focus the Aftermarket segment on the independent spare parts business and innovative workshop equipment. As part of this, we are accelerating the interaction between the divisions and opening up digital business models.”

Pehr Oscarson, President and CEO of Mekonomen, adds: “Through the acquisition of FTZ and Inter-Team, we strengthen our position as a leading automotive spare-parts distributor in the Nordic region and take the step into Europe. The acquisition is in line with our strategy of playing a central role in the ongoing consolidation in Europe. These are two well-run companies that will continue to develop within the framework of existing corporate structures and brands as standalone companies in the Group.”

FTZ and Inter-Team employ a total of around 2,500 people. The two wholesalers achieved total sales of around €480 million in the 2016/2017 financial year. This corresponds to about seven percent of HELLA’s group consolidated sales.

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MARATHON TO DISTRIBUTE WAI COMPONENTS

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MARATHON TO DISTRIBUTE WAI COMPONENTS


Independent distributor Marathon Warehouse Distribution has signed a deal with component manufacturer WAI Global to stock and deliver its range which includes starters, alternators and window regulators among other items.  

Marathon offers a  same-day service, which can reach around 85 percent of the UK’s population.

WAI customer stock orders will continue to be supplied through the company’s Bognor Regis warehouse on a next day delivery service, but with the implementation of the same day service, the plan is to bring WAI closer to the motor factor and ensure immediate access to ‘grey tail’ products.

Colin Fisher and Richard Welland

Richard Welland, WAI Global UK Managing Director, said: “There’s no denying the UK automotive aftermarket is changing at an alarming rate. In the past few years, we have worked to bring the WAI brand closer to motor factors and garages, meeting their demand for an almost instant parts supply.

Colin Fisher, Marathon Warehouse Distribution Sales and Marketing Director, said: “The ambition of WAI matches our own and we’re delighted to be stocking the widest range of WAI products and supplying the brand to motor factors on a frequent same day basis. We’re an independent national warehouse distributor and our logistics platform has to be able to offer motor factor customers a full range of high quality products both quickly and efficiently.”

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NGK BECOMES SHAREHOLDER OF TECALLIANCE

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NGK BECOMES SHAREHOLDER OF TECALLIANCE


Ignition giant NGK Spark Plug has become a shareholder of aftermarket data firm TecAlliance.

TecAlliance’s portfolio includes international vehicle and product data, repair and maintenance information, the TecDoc catalogue, data management and analytics as well as consultancy services n.

Damien Germès, Senior Vice President EMEA at NGK Spark Plug in Europe confirmed: “To become a shareholder of TecAlliance is a strategic decision and investment. We fully understand how essential it is for aftermarket distributors and workshops to have high-quality, instant data in a fast-changing market where digital solutions are becoming of vital importance. This investment is another demonstration of our commitment to continuously serving and supporting the independent aftermarket”.

“We are pleased to welcome as a new shareholder such an important player from the field of vehicle electronics”, emphasised Jürgen Buchert, Managing Director of TecAlliance. “This is another step towards our continuous goal to optimise and deepen the quality of our data and tailor-made solutions for a digital automotive aftermarket.”

 

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CONTINENTAL TO ENTER FILTRATION MARKET

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CONTINENTAL TO ENTER FILTRATION MARKET


Parts and technology group Continental have struck a deal with a filtration manufacturer to sell own brand filters across Europe.

The deal has been signed with Italy-based manufacturer UFI Filters and will officially launch at Automechanika Frankfurt in September of this year. Product will start shipping in January 2019.

Details of the product range have not yet been announced, but will  cover UFI’s all-makes programme of light vehicle fuel, oil, cabin and air filters. There is no word as yet on which, if any of the factor chains or buying groups will be stocking the product in the UK, and UFI has said that while the product ‘knows no borders’  a particular focus for Continental will be on the Germany, Austria, Switzerland, Benelux and Scandinavia markets.

“Our stated aim is to continue to expand our product portfolio for the automotive aftermarket under the renowned brand name Continental. To do this, we market only premium products that match our brand and that make sense for our customers,” said Peter Wagner, VP Aftermarket at Continental.

Giorgio Girondi, Chairman of UFI filters said:  “This agreement between two leading companies in the automotive aftermarket is a very important milestone in the history of UFI Filters. This strategic step by two premium brands shows that cooperation knows no geographical boundaries. That is crucial. We are really proud to see the UFI products in the renowned Continental branded box”.

UPDATE: UFI has confirmed that the agreement will cover markets across Germany, Austria, Switzerland, Benelux and Scandinavia only.

Georgio Girondi and Peter Wagner shake on UFI-Continental deal.

 

 

 

 

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