Exhaust and catalytic converter supplier Klarius has acquired Quinton Hazell for an undisclosed sum, the company announced this afternoon.
The company bought the Â£260 million turnover parts manufacturing firm outright, a spokesman told CAT magazine.
In addition to its existing brands, Klarius Group now controls:
- Quinton Hazell
- Lip (Lipmesa)
- Commercial Ignition
as well as the distribution of Wix (Big X in Germany) filter products and FTE Automotive products in Europe
Quinton Hazell is headquartered in Leicester, England, with manufacturing and distribution assets in France, Germany, Italy and Spain. The purchase boosts the Klarius Groupâ€™s annual turnover to over Â£350million.
Further planned and as yet unnamed acquisitions could soon see its turnover accelerate to over half a billion Euros.
With the QH portfolio on board, Klarius says it now offers over 100,000 parts and has the ability to supply over 40,000 parts every day, to more than 5000 delivery points in 136 countries.
â€œThis acquisition is ideal for both companies as Quinton Hazell products are largely complementary to the existing Klarius range â€“ with very little crossover,â€ said Klarius chairman Tony Wilson.
Andrew Jones, Klarius Group MD, added: â€œWe plan to optimise Quinton Hazellâ€™s production and logistics facilities with the same lean manufacturing techniques that have proved so successful at Klarius.”