Sator’s acquistion of Kühne has big potential to grow

by

kuhle_fotos_9478_800After months of negotiations and discussions LKQ’s Sator has acquired Kühne Nederland BV.

The move will see Kühne Automotive continuing and being integrated with QH Nederland, which will see Jan van Doorn becoming appointed as Managing Director for Kühne as well as QH.

Adriaan Roggeveen, Chief Executive Officer of Sator, said: “The acquisition of Kühne fits into our growth strategy, both nationally and internationally. It has a comparable business model as Sator, where independent local wholesalers provide the logistical backbone for automotive installers.”

The acquisition is set to see Sator’s turnover increase to €340 million, and came about after the shareholders of Kühne recognised that the rest of Europe was consolidating, with Sator being approached in December 2012.

“Kühne is a great company with a rich history, major brands and an experienced team with extensive knowledge of the products and the market,” said Roggeveen.

The combined activities of QH and Kühne will continue from the site in Hoevelaken, with Kühne’s employees continuing to work for them. Roggeveen added that a reorganisation is inevitable but the aim is to integrate employees into the new group, and to maintain the expertise and knowledge of Kühne’s staff.

This news precedes Euro Car Parts announcement of its UK acquisitions on Monday, be sure to look out for our coverage of the new venture on CAT.

ECP BOSS WARNS OF BLOCK EXEMPTION ‘EXISTENTIAL THREAT’

Andy Hamilton rails against VM ‘mini monopolies’ and demands that the UK government and the CMA take action in face of ‘abuse’ of the rules

Read More

PRA BOSS CALLS FOR FORECOURT ‘PINGDEMIC’ EXCLUSION

‘Forecourt workers are essential and should be exempt from self-isolation requirements if fully vaccinated’, say PRA

Read More

YORKSHIRE EXHAUST SPECIALISTS SAY ‘YES’ TO AAG BUYOUT

Leeds-based firm had been a UAN member and employed over 60 people

Read More

NEW TRADE COALITION FORMED TO FIGHT BLOCK EXEMPTION THREAT

AFCAR comprises of bosses from four major UK trade bodies

Read More

HALFORDS TO HIRE 700 TECHNICIANS

Chain hiring following a busy year for vehicle mobile servicing and pedal cycles

Read More

Go to comments

Your email address will not be published. Required fields are marked *