AAG MAKES FURTHER ACQUISITION

Alliance Automotive Group (AAG), the parent company of GroupAuto, has acquired one of Germany’s largest independent factors. Terms of the deal have not yet been announced.

Klapper is a full-line motor factor with its headquarters in Bünde and supplies over 1,000 customers, most of which are independent garages. The  East Westphalia company generates turnover of over €7 million. The deal follows the acquisition of three other factor chains in the West of the country, strengthening AAG’s position.  Klapper CEO, Andreas Klapper will retain his position under the new ownership.

“We are delighted to welcome Klapper Autoteile GmbH Co. KG as the newest member of the AAG organisation,” added Jean-Jaques Lafont, CEO and co-founder of AAG. “With now four companies in Germany – Coler, Busch, Büge and Klapper –, we have established a successful network in the west of the country and intend to continue this growth strategy across the rest of Germany.”

AAG is headquartered in London and is itself part of the Blackstone equity group.

 

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

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