Alliance Automotive Group has finalised the acquisition of German motor factor chain and car dealership, Knoll.
Terms were not stated, though the deal did include delivery firm Transport + Logistik Schleiz and parts of Manfred Knoll Holding, which were acquired as part of an asset deal.
![](https://www.catmag.co.uk/wp-content/uploads/2022/04/csm_Knoll_Filiale_Wuerzburg_7515bc1b3b-300x194.jpg)
Knoll Holding had been managed by Manfred Knoll for over 60 years. Apart from vehicle parts and sales, the firm also owns a number of Bosch Car Service centres and even runs a kitchen remodelling business.
Fabian Roberg, CEO of AAG Germany, said, “Knoll is a company with a long history of success and strong ties to its customers. Knoll and AAG have many things in common, such as a supplier base, a shared corporate culture, and a bond of partnership with employees and business partners. Because of this common background, I believe that Knoll and AAG have the best prerequisites to be successful together in the market. I am confident that we will develop new growth opportunities in our markets.”
The deal is subject to all the usual regulatory approvals.
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