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    Bridgestone invests USD60 million to expand its Texas retread tire plant
    Bridgestone Americas has announced an investment of USD60 million to expand its Bridgestone Bandag, LLC manufacturing plant in Abilene, Texas, according to a press release dated 22 September. The 50,000-square-foot expansion of the Abilene plant is aimed at the growing demand for the company’s tread rubber products, driven by the rapid growth of its retread business. The expansion includes an immediate increase in operational activity by running on six- and seven-day production schedules, a...
    BorgWarner to acquire charging business of Hubei Surpass Sun Electric
    Michigan-based global supplier of powertrain technologies, BorgWarner and Hubei Surpass Sun Electric (SSE) today announced that they have entered into an agreement under which BorgWarner has agreed to acquire the Electric Vehicle Solution, Smart Grid, and Smart Energy businesses of SSE, according to a press release dated 20 September. The transaction has an enterprise value of up to CNY410 million (around USD58 million), of which approximately CNY267 million (around USD38 million) would be de...
    Swedish spring maker Lesjöfors acquires Turkey-based Telform
    European automotive springs manufacturer Lesjöfors Group has announced that it has signed an agreement to acquire 100% of the shares in Telform, a Turkish spring manufacturer, according to a press release dated 14 September. The move is aimed at expanding its production footprint, in line with its ambition to build the leading spring, wire, and flat strip component group. Telform is a Turkish manufacturer of industrial springs to the domestic and international markets. The customer base is d...
    US-based American Tire Distributors completes sale of Canadian subsidiary
    American Tire Distributors (ATD), a US based independent suppliers of tires to the replacement tire market., has announced the completion of the sale of its Canadian subsidiary, National Tire Distributors (NTD) to Groupe Touchette, according to a press release dated 7 September. With the sale of NTD now complete, ATD says it is moving forward as a more focused organization that is better positioned to serve its customers across the US. The company will continue supporting NTD and Groupe Touch...
    Bridgestone announces additional investments in Brazil plant
    Japanese tire manufacturing company Bridgestone Americas has announced that Bridgestone Brazil will invest an additional BRL270 million (around USD52 million) in the expansion and modernization of the tire plant in Camaçari, a city in Bahia, Brazil, according to a press release dated 6 September. This brings the company's total investments announced since 2021 to more than BRL970 million (around USD186 million) for the Bahia plant. This second phase of expansion and modernization of the Bahi...
    Hankook Tire to invest USD1.6 billion in USA plant expansion
    South Korean tire manufacturer Hankook Tire has announced that its board of directors have approved a USD1.6 billion investment to expand its Tennessee plant in the USA, according to a press release dated 29 August. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger car and light truck (PC/LT) tires and adds a Phase 3 expansion with the company’s first US production of Truck Bus and Radial (TBR) tires. This expansio...
    Japan-based Nippon Piston Ring and Riken plan merger
    Nippon Piston Ring Co, a Japan-based manufacturer of piston rings, valve seat inserts, camshafts, and other parts primarily for internal combustion engines (ICE), and Japan-based Riken Corporation have announced a basic agreement to establish a joint holding company formed by mutual stock transfer and to consolidate the two companies on equal terms, according to a press release dated 27 July.  The consolidation should allow both companies to focus on increasing the profitability of their...
    High Bar Brands acquires leading mud flap producer and distributor, Viking
    High Bar Brands, the parent company of Minimizer and Premier Manufacturing, is adding to its portfolio of brands by acquiring Viking Sales, Inc of Brighton, Michigan, according to a press release dated 25 August by GlobeNewswire. Viking is an industry leader in mud flap production and distribution having an established relationships with several original equipment manufacturers (OEMs) and aftermarket distribution customers. The company says that, for over 50 years, Viking has provided custom ...
    MiX Telematics signs a definitive agreement to acquire an industrial technology company
    US-based leading global provider of connected fleet and mobile asset management solutions, MiX Telematics, has signed a definitive agreement to acquire Trimble's Field Service Management's (FSM) business, according to a press release dated 25 August by PRNewswire. Trimble is an industrial technology company that supports it's customers by providing purpose-built technology products to enterprise lifecycle solutions.  Trimble's Field Service Management (FSM) is an advanced devel...
    BP to invest USD60 million in EV battery testing center and analytical laboratory in the UK
    bp unveiled plans to invest up to GBP50 million (around USD60 million) in a new, state-of-the-art electric vehicle (EV) battery testing center and analytical laboratory in Pangbourne, United Kingdom, according to a press release dated 2 August.  The new facilities will be located at bp’s existing global headquarters for its Castrol business in Pangbourne, Berkshire, and will support the technology, engineering and science roles housed there. The site already undertakes research an...
    Webasto acquires Luxembourg glass specialist Carlex
    Sunroof systems supplier, Webasto, has acquired Carlex Glass Luxembourg SA in Grevenmacher (Luxembourg), according to a press release dated 18 August. The site manufactures glass elements for passenger cars, counts many international carmakers among its customers and was previously part of Carlex Glass America LLC, based in Nashville, Tennessee (US). In future, the glass experts will collaborate closely with their colleagues in roof system development and validation at the company headqu...
    Dorman Products to acquire a leading supplier to the powersports aftermarket
    Dorman Products, a US-based aftermarket supplier of OE dealer exclusive parts has announced that it has entered into a definitive agreement to acquire Super ATV, LLC (SuperATV), for USD490 million in cash at closing, plus an earn-out of up to USD100 million in the aggregate payable over a two-year period subject to certain performance targets being achieved in 2023 and 2024, as per a press release dated 18 August. SuperATV is a leading independent supplier to the powersports aftermarket&nbs...
    Specialty distributor of alternative automotive parts, All Star Auto Lights acquires Blackburn OEM Wheel Solutions
    All Star Auto Lights (All Star), a specialty distributor of alternative automotive parts and a portfolio company of Atlantic Street Capital (ASC), announced today the acquisition of Blackburn OEM Wheel Solutions, a leading supplier of new and refurbished OEM steel and alloy wheels for the automotive aftermarket, according to a press release dated 16 August by PRNewswire. Blackburn is US-based leading distributors of OEM wheels in the United States and provides OEM wheels (steel...
    Groupe Touchette to acquire American Tire Distributors’ National Tire Distributors
    Groupe Touchette Inc. and American Tire Distributors (ATD) today announced that they have entered into a definitive agreement pursuant to which Groupe Touchette will acquire ATD’s Canadian subsidiary, National Tire Distributors (NTD), a release dated 13 July read. Groupe Touchette Inc., is one of the largest Canadian-owned tire distributors servicing to manufacturers, car dealers and independent customers. Led by Nicolas Touchette and Frédéric Bouthillier, the company headquartered...
    FleetPride acquires assets of L&L Distributors
    FleetPride, Inc., a US-based distributor of truck and trailer parts and service in the independent heavy duty aftermarket, has announced the acquisition of L&L Distributors, according to a press release dated 9 August. L&L Distributors is a parts supplier for medium to heavy duty trucks. Founded in 1985, L&L Distributors has provided specialized parts in Pompano Beach, Riviera Beach, and Fort Pierce, Florida for over 37 years. As a part of FleetPride, L&L Distributor...
    Hidden Harbor Capital signs a definitive agreement to acquire Dayco
    Dayco, a US-based engine products and drive systems supplier for the automotive and aftermarket industries, and Hidden Harbor Capital Partners, a private equity firm announced the signing of a definitive agreement, pursuant to which Hidden Harbor will acquire Dayco, according to a press release dated 3 August. The transaction is subject to customary closing conditions and is currently expected to be completed in the third quarter of calendar year 2022. Dayco is being advised by Skadde...
    Cummins completes acquisition of Meritor for USD3.7 billion
    Cummins, a US-based power solutions provider, has announced that it has completed the acquisition of Meritor, a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets via a press release dated 3 August.  The acquisition of Meritor is expected to be immediately accretive to Cummins’ adjusted EPS and generate annual pre-tax run-rate synergies of approximately USD130 million by year three after ...
    Michelin Group acquires road infrastructure computer vision company, Roadbotics
    Michelin Group has acquired RoadBotics, a US start-up specializing in the image analysis of road infrastructures, a press release dated 11 July read. RoadBotics’ computer vision technology transforms visual data from road infrastructures collected with cameras, mainly with smartphones, into actionable data to enable decision-making by road infrastructure managers. The company released an interview  with Lorraine Frega, member of the Group Executive responsible for D...
    US-based provider of vehicle maintenance and repair Sun Auto opens additional stores in Nevada and California
    US-based provider of vehicle maintenance, repair, tire sale, and tire replacement, Sun Auto Tire & Service Inc., has announced the expansion of its Sun Auto Service and Goodguys Tire & Auto brands with new store openings in Las Vegas, Nevada, and Visalia, California, via a press release dated 8 August.  Sun Auto Service #2060 opened on 16 July 2022, and is located at 3340 W. Cactus Ave., Las Vegas, Nevada, 89141. The 11th Sun Auto location in the Las Vegas area, it has 14 ba...
    Valvoline to sell Global Products business for USD2.65 billion to Aramco
    Valvoline, a US-based supplier of lubricants and automotive services, announced that it has reached a definitive agreement with Aramco for the sale of Valvoline's Global Products business for USD2.65 billion in cash. Following the closing of the transaction, Valvoline will own the Valvoline brand for all retail services purposes globally, excluding China and certain countries in the Middle East and North Africa, while Aramco will own the Valvoline brand for all products uses globally. Both co...
    HELLA sells stake in HBPO joint venture to Plastic Omnium
    German automotive supplier HELLA, which operates under the umbrella brand FORVIA, announced that it has agreed the sale of its 33.33% stake in ‘HBPO Beteiligungsgesellschaft mbH’ to its co-shareholder, Plastic Omnium, according to a press release dated 28 July. The agreed purchase price amounts to EUR290 million (USD296 million) (cum dividend of around EUR8 million) and the transaction is subject to customary regulatory approvals. Closing is expected in the fourth quarter of 2022, according ...
    Vitesco Technologies opens new plant to produce propulsion solutions in Pune, India
    Vitesco Technologies has inaugurated a new manufacturing plant in Talegaon, near Pune, India, according to a news report published by Autocar Professional on 15 July. The inauguration ceremony was attended by Klaus Hau, member of the Executive Board at Vitesco Technologies, and Anurag Garg, managing director and country head of Vitesco Technologies India, among other dignitaries. According to the report, Vitesco Technologies’ new plant in Pune is spread across 20 acres and will employ over ...
    SPS Commerce acquires an automotive aftermarket EDI provider GCommerce
    SPS Commerce, Inc, a leader in retail cloud services, announced the acquisition of GCommerce, a leading EDI provider within the automotive aftermarket industry, according to a press release dated 20 July.  GCommerce customers will have access to the industry’s broadest trading community, which includes more than 105,000 trading partners in over 80 countries. For the third quarter of 2022, SPS Commerce anticipates the acquisition will add approximately USD1 million of revenue and exp...
    Uni-Select acquires Canada-based parts distributor Maslack Supply
    Canada-based automotive aftermarket parts supplier Uni-Select acquires Maslack Supply Limited and related real properties, according to a press release dated 25 July.  Maslack was founded in 1959 and has grown to include 13 locations across northern Ontario, over 200 dedicated employees, and over C$52 million dollars of revenue for its fiscal year ended 31 January, 2022. Following the transaction, Maslack’s core management will remain in place and will keep leading operations. ...
    Arnold Motor Supply expands distribution, engine kit offerings
    Arnold Motor Supply, US-based automotive distributor and repair service provider, has announced the purchase of Sioux City-based Motor Parts Central and its sister company Northern Auto Parts via a press release dated 18 July.  Northern Auto Parts will continue to operate within the same building and is a different type of expansion for the company. Northern is a national online retailer, specializing in engine rebuild kits and engine parts. It provides engine rebuilding and restora...
    Swedish parts distributor MEKO acquires Finnish firm Koivunen
    MEKO (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it has entered into an agreement to acquire Koivunen, a provider of automotive spare parts and related services in Finland and Estonia, with operations also in Latvia and Lithuania, according to a press release dated 14 June. The enterprise value is EUR122 million (around USD125 million) on a cash and debt free basis. Through the expansion, MEKO says it will have a presence around the ...
    Sensata completes acquisition of power conversion solutions firm Dynapower
    Sensata Technologies, a US-based supplier of sensors and sensor-equipped solutions to the automotive industry, has announced that it has completed the previously announced acquisition of Dynapower Company, a provider of energy storage and power conversion solutions from private equity firm Pfingsten Partners for USD580 million in cash, according to a press release dated 13 July. Dynapower provides energy storage and power conversion solutions including inverters, converters, rectifiers and cu...
    OSRAM announces the closing of the sale of the AMLS business to Plastic Omnium
    German lighting major OSRAM has announced the closing of the sale of the Automotive Lighting Systems (AMLS) business to Plastic Omnium, according to a press release dated 1 July. OSRAM will continue to be a key supplier of automotive LED and optical components to Plastic Omnium, the release added. AMLS was established on 1 October 2021 following the dissolution of the OSRAM Continental joint venture. AMLS combines lighting technology with electronics and software to develop smart and innovati...
    US-based provider of vehicle maintenance and tire replacement Sun Auto acquires Coopers Auto Repair Specialists
    US-based provider of vehicle maintenance, repair, tire sale, and tire replacement, Sun Auto Tire & Service Inc., has announced the acquisition of Coopers Auto Repair Specialists, a full-service auto repair brand with two locations in the state, according to a press release dated 13 July.  The two locations feature a total of 22 bays and are located at 1718, 103rd Street E in Tacoma, Washington, and 5325,122nd Street E in Puyallup, Washington. Casey Cooper, former co-owner of ...
    Swedish spring maker Lesjöfors acquires US-based John Evans’ Sons
    European automotive springs manufacturer Lesjöfors Group has announced that it has signed an agreement to acquire the assets and operations of John Evans’ Sons Inc, a US spring manufacturer, according to a press release dated 28 June. The company provides a range of springs and pressings to customers in diverse industries such as automotive, agriculture, construction, medical, oil and gas, power, etc. Under Lesjöfors Automotive, the company manufactures and distributes springs for th...
    Driven Brands completes fourth auto glass acquisition in the US
    Driven Brand Holdings, a US-based automotive service company, has announced the acquisition of Indiana-based Perfection Auto Glass, via a press release dated 16 June. The total addressable market for auto glass repair in North America is approximately USD5 billion and growing, according to the release. Perfection Auto Glass, which was founded almost 20 years ago and is claimed to be one of the largest locally owned auto glass companies in Indianapolis, will be reported in Driven Brands’ Pai...
    Polaris sells Transamerican Auto Parts business to aftermarket distributor Wheel Pros
    Polaris, a US-based powersports company, has announced that it has entered into a definitive agreement to sell its Transamerican Auto Parts (TAP) business to Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, sport utility vehicles (SUVs), passenger cars and ATVs/UTVs, according to a press release dated 16 June. The transaction includes TAP’s full portfolio of operations, including all brands, product lines, manufac...
    Tenneco shareholders approve proposed acquisition by Apollo Global Management affiliates
    US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced that its shareholders voted to approve Tenneco's pending acquisition by affiliates of Apollo Global Management at Tenneco's annual meeting of shareholders held on 7 June, the day of issuance of the press release announcing the same. As previously announced, this transaction was unanimously approved by Tenneco's Board of Directors, who recommended that the Company's shareholders appro...
    Symbio, Schaeffler establish an equal JV to produce fuel cell bipolar plates
    Symbio, a Faurecia and Michelin joint venture (JV) company, and Schaeffler have signed an agreement for establishing an equal JV company to produce fuel cell bipolar plates (BPP) for global mobility and energy solutions, Schaeffler announced on 7 June 2022. The new JV company, which will be located in Haguenau, France, will be established and become operational under the brand name Innoplate by the end of 2022. Meanwhile, start of production is planned for early 2024 at its Haguenau-based pro...
    Shell completes acquisition of Landmark fuel and convenience network
    Shell Retail and Convenience Operations, a wholly owned subsidiary of Shell Oil Products US, announced that it has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies, according to a press release dated 1 June. The acquisition also includes supply agreements for the independently operated fuel and convenience sites. On 26 October 2021, Shell announced it had reached an agreement to purchase the Landmark fuel and convenience ne...
    Myers Industries acquires US-based automotive aftermarket distributor Mohawk Rubber Sales
    Myers Industries, Inc., a US-based manufacturer of wide range of polymer products for automotive, industrial, commercial, and consumer markets has acquired the assets of Mohawk Rubber Sales of New England Inc., according to a press release dated 1 June by BusinessWire. Mohawk Rubber Sales is a leading auto aftermarket distributor with a strong distribution network in the United States.  Mohawk will be integrated into Myers’ Distribution segment. The transaction provides ...
    Wrench acquires mobile vehicle repair network YourMechanic
    Mobile vehicle services and technology marketplace Wrench has completed the acquisition of mobile vehicle repair network YourMechanic, according to a press release by BusinessWire dated 2 June.  YourMechanic has more than 350 technicians in 30 states delivering services to more than 290,000 customers, and the combined company will reach more than 35,000 zip codes and deliver services to more than 20,000 private and fleet vehicles per month. YourMechanic will strengthen&nbs...
    Valvoline acquires remaining 50% in battery distributor VCA Solutions
    Valvoline, a US-based supplier of lubricants and automotive services, announced that it has purchased the outstanding 50% interest in its VCA Solutions joint venture from its former joint venture partner, according to a press release dated 24 May. VCA Solutions is a distributor of top-tier automotive batteries and battery testing equipment. The purchase was finalized, effective 1 May. According to the company, nearly all of the 290 million vehicles on US roads have lead-acid batteries, a...
    American Tire Distributors to acquire Monro’s Tires Now
    American Tire Distributors (ATD) and Monro, Inc have announced that they have entered into a definitive agreement pursuant to which ATD will acquire Monro’s wholesale tire distribution assets, operating under the Tires Now, according to a press release dated 19 May. Under the terms of the transaction, ATD will pay Monro USD105 million in cash for the assets under the Tires Now operations and for certain assets under Monro’s internal tire distribution operations. The transaction is expecte...
    ATC Drivetrain acquires Michigan-based Global Battery Solutions
    ATC Drivetrain, a US-based remanufacturing solutions provider, announced via a press release on 18 May that it has acquired Global Battery Solutions (GBS), a Holland, Michigan-based company that provides battery life-cycle management and EV component services. According to the release, GBS has an established history of strong relationships with OEMs, a technically innovative culture, and a strong capability set in energy storage systems and energy grid interface. In addition to automotive ele...
    Finland-based vehicle aftermarket firm Relais acquires Skeppsbrons Jönköping AB
    Relais Group Plc, a spare part distributor and provider of repair and maintenance in the Nordic vehicle aftermarket, has completed the acquisition of the entire share capital of the Swedish firm Skeppsbrons Jönköping AB, according to a press release dated 24 May. The purchase price of the entire stock of Skeppsbrons was SEK87.6 million (USD8.8 million), of which MSEK 14.0 was paid by shares in Relais and SEK73.6 million in cash. Relais paid the share component of the purchase price by ...
    Japanese aftermarket retailer Autobacs Seven opens 34th store in Thailand
    AUTOBACS Seven, a Tokyo-based car parts and accessories retailer, has announced that it has expanded its presence in Thailand with the opening of its 34th store, according to a press release dated 28 April. The newly opened store, called ‘AUTOBACS talat lunlogi clone 4’, was inaugurated on 4 April and is located in Pathum Thani province, adjacent to the northern part of Bangkok’s capital. Significance: According to the release, the Pathum Thani province is easily accessible from the ...
    Sun Auto acquires tire and automotive repair brand Good Neighbor Tire & Auto Service
    US-based provider of vehicle maintenance, repair, tire sale, and tire replacement, Sun Auto Tire & Service Inc., announced that it will expand into Oregon and grow its footprint in the state of Washington with the acquisition of Good Neighbor Tire & Auto Service, a full-service tire and automotive repair brand in greater Portland and Seattle, according to a press release dated 18 May. Its four locations are now a part of Sun Auto Family of brands. The four stores feature a total ...
    Shell signs agreement to sell retail and lubricants businesses in Russia
    Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij—subsidiaries of petrochemical company Shell—have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to PJSC Lukoil, according to a press release dated 12 May. PJSC Lukoil Oil Company is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, and pet...
    Blink Charging acquires UK-based Electric Blue for USD23.4 million
    Blink Charging Co, a US-based owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced via a press release dated 26 April that its wholly owned European subsidiary, Blink Holdings BV, has acquired Electric Blue Ltd. (EB Charging), a provider of integrated EV charging and sustainable energy solutions based in the United Kingdom. According to the company, the acquisition marks its first entry into the UK and adds more than 1,150 chargers, installed or co...
    NiTEO Products sells Hi-Tech Industries to MPE Partners
    NiTEO Products, a leading formulator, packager and marketer of automotive appearance, air care and performance/maintenance chemical brands, today announced the sale of Hi-Tech Industries (Hi-Tech) to MPE Partners (MPE), according to a press release by PRNewsWire dated 5 May. Hi-Tech, based in Farmington, Michigan, is a leading provider of a full line of branded professional car care product accessories and specialty aerosols to the automotive appearance industry. Hi-Tech will continue...
    Schaeffler opens new tool technology center in Germany
    Global component supplier to automotive and industrial sectors Schaeffler AG has opened a state-of-the-art ‘Tool Technology Center’ at its facility in Höchstadt an der Aisch in Germany, the company said on 3 May 2022. The company said it plans to manufacture precision tools for its global production network at the said facility, which is spread across an area of over 8,000 square meters. The said precision tools are slated for deployment for the strategic future target areas of electric ...
    RealTruck opens new distribution center for West Coast customers
    US-based online retailer of truck parts and accessories, RealTruck, has added a new distribution center in Salt Lake City, Utah, according to a press release dated 3 May by PRNewswire.  According to the company, the 230,000-square-foot warehouse, opened its doors on April 1. It is twice the size of RealTruck's other facilities in Springfield and Jasper. This additional capacity and strategic location will enhance RealTruck's ability to make timely deliveries...
    Mister Car Wash acquires Speedwash in Victor Valley, California
    US-based car wash company, Mister Car Wash announced the successful acquisition of Speedwash, which includes four express exterior locations in Victorville and Hesperia, California, according to a press release by BusinessWire dated 29 April.  Customers of Speedwash can expect the business to continue operating as normal in the near term. Throughout the coming months, Mister will be working with the team to rebrand the stores and optimize service and product offerings as they fully integ...
    Plastic Omnium acquires Varroc’s automotive lighting business
    Plastic Omnium has acquired Varroc’s automotive lighting business, Varroc Lighting Systems (VLS) for EUR600 million (USD635.43 million), according to a press release published by Plastic Omnium on 29 April. The transaction includes 100% ownership of VLS’ companies in Europe, Americas, and North Africa and research and development (R&D) center in Pune, India, press release added.   Laurent Favre, CEO of Plastic Omnium said, “With Varroc Lighting Systems, Plastic Omnium become...
    Melling Engine Parts acquires Casalandra Metal Stamping
    US-based manufacturer of aftermarket oil pumps and related products, Melling Engine Parts, has acquired Casalandra Metal Stamping in order to expand its operations, according to a press release dated 25 April.  CEO Mark Melling commented that, “Casalandra has been a key vendor to Melling for years and we were excited when the opportunity presented itself. We are committed to becoming basic in more product lines and of course love the fact the parts are made in USA".  Merit Wish...
    FleetPride acquires Murray’s Diesel Repair
    FleetPride, Inc., a US-based distributor of truck and trailer parts and service in the independent heavy duty aftermarket, announced that it has acquired the assets of Murray’s Diesel Repair of Shreveport, Louisiana, via a press release dated 26 April.  The Murray family will continue to operate Murray’s Auto Repair in Shreveport, La., which focuses on the repair of light duty vehicles.  Significance: Commenting on the move, chief executive officer Mike Duffy s...
    Alliance Automotive Group to acquire German spares supplier Knoll
    European automotive aftermarket group Alliance Automotive Group (AAG) has announced that it has finalised the acquisition of Knoll GmbH and Transport + Logistik Schleiz and, at the same time, parts of automotive parts distributor Manfred Knoll Holding were acquired as part of an asset deal, according to a press release dated 26 April. Manfred Knoll has managed Knoll as managing partner for more than 60 years. The company operates in Bavaria, Berlin, Brandenburg, Saxony, and Thuringia and oper...
    3M acquires LeanTec technology
    US multinational conglomerate corporation, 3M, announced via a press release dated 25 April acquisition of LeanTec technology, advancing inventory management and digital solutions for auto body shops. LeanTec is a provider of digital inventory management solutions for the automotive aftermarket segment in the United States and Canada. 3M uses the term "connected bodyshop" to describe a new level of digital tools and connectivity that enable and streamline shop operati...
    LKQ Corporation completes sale of PGW Auto Glass business to One Equity Partners
    US-based distributor of replacement parts, components, and systems, LKQ Corporation, has announced that it has completed its previously announced agreement to sell PGW Auto Glass (“PGW”), a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners via a press release dated 20 April.  LKQ will report the financial information for the PGW glass distribution business through the April 18, 2022 closing date in the continuing operations section of it...
    DEXTER, a subsidiary of DexKo Global, acquires Premium Supply Ltd.
    DexKo Global Inc., a market player in engineered trailer running gear, chassis assemblies, and related components, announces that its wholly-owned subsidiary, DEXTER Axle Company LLC ("DEXTER"), has acquired the business and assets of Premium Supply Ltd., according to a press release by PRNewsWire dated 13 April. Premium Supply Ltd. is specialized in custom trailer hoists, hydraulic kits, pumps, controls, and accessories.  The Company has distributed these quality products and ...
    US aftermarket supplier Nivel Parts & Manufacturing acquires EPI Performance
    Nivel Parts & Manufacturing Co, a US-based manufacturer, distributor, and seller of aftermarket parts and accessories, has acquired EPI Performance, a Utility Terrain Vehicle (UTV) clutch kit, drive belt, and driveline component supplier, according to a press release dated 13 April. The purchase combines Nivel's manufacturing, sourcing, and distribution capabilities with the reputable EPI brand, according to the release, which added that EPI Performance products are distributed worldwide by ...
    MAHLE transforms EV charging division ChargeBIG into an independent subsidiary
    Stuttgart-based global supplier of powertrain and thermal components MAHLE said on 7 April 2022 that its electric vehicle (EV) charging division chargeBIG is transformed into an independent subsidiary of the group. The new subsidiary is named MAHLE chargeBIG and the corporate restructuring of the division will enable greater operational freedom, the company said. “This will accelerate the automotive supplier’s transformation into a provider of sustainable mobility solutions and will also ...
    Apollo Tyres opens digital innovation hub in UK
    India headquartered Apollo Tyres has announced the launch of its digital innovation hub in London, according to a press release dated 21 April.  The innovation hub will use artificial intelligence and machine learning technologies to solve complex manufacturing problems, focused on improving the efficiency, quality and sustainability of its manufacturing practices as part of the company’s digital strategy to implement Industry 4.0. The company has invested GBP5 million (USD6.1 milli...
    US-based Cummins acquires engine component supplier Jacobs Vehicle Systems
    Cummins, a US-based power solutions provider, has announced that it has closed on its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp, according to a press release dated 14 April. Jacobs Vehicle Systems is a US-based supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. Cummins says the addition of JVS brings new technologies that will provide growth opportunities for its current and future advanced engine platform...
    US-based Driven Brands opens its fifth oil change and car wash location
    Driven Brands Holdings, which claims to be North America’s largest automotive services company, announced that it has opened its latest Take 5 branded Oil Change and Car Wash location in Edinburg, Texas, its fifth in the country, according to a press release dated 12 April. Driven Brands has at least 10 more of these innovative locations in this year’s pipeline at locations such as Tennessee, North Carolina, Indiana, Missouri, Florida, Wisconsin, and Arkansas. In its first day, the locati...
    Genuine Parts Company acquires Spanish aftermarket distributor Lausan
    US-based automotive parts distributor Genuine Parts Company (GPC) announced that effective 12 April, its London-based, wholly owned, automotive distribution company Alliance Automotive Group (AAG) has acquired the Lausan Group, according to a press release dated 13 April. Founded in 1953 and based in Bilbao, Spain, Lausan is a distributor of automotive aftermarket parts in Spain and Portugal, which represent the fifth largest car parc in Europe, the release added. Lausan serves its customers ...
    Remanufacturing solutions provider ATC Drivetrain acquires Treharne Automotive
    ATC Drivetrain, a US-based remanufacturing solutions provider, announced via a press release on 12 April that it has acquired Treharne Automotive Engineering, a UK-based company focused on electric vehicle (EV) battery life cycle management, including second-life applications, recycling, and diagnostic and test equipment for powertrain systems. As the automotive industry continues to migrate beyond traditional internal combustion engines to electrified systems, ATC believes it is important to...
    Japanese aftermarket retailer Autobacs Seven opens three stores in Thailand
    AUTOBACS Seven, a Tokyo-based car parts and accessories retailer, has announced that it has expanded its presence in Thailand with opening of three new stores, according to multiple company announcements over the past month with the latest one via a press release dated 7 April.  Called AUTOBACS Sam Khok, the latest of the newly opened stores is located in Pathum Thani Province, which is adjacent to the northern part of Bangkok, and was opened on 25 March. Prior to that, the company inaug...
    Sun Auto acquires automotive tire and repair store brand Superior Tire
    US-based provider of vehicle maintenance, repair, tire sale, and tire replacement, Sun Auto Tire & Service Inc., has announced the acquisition of Superior Tire, an automotive tire and repair store brand serving the northwest region of Arizona, a press release dated 11 April read. Based in Mohave County, Superior Tire has served the area since 1979. Its four locations are now part of the Sun Auto Family of brands. The Western Arizona stores feature a total of 37 bays and are located a...
    Japan’s Marubeni acquires US-based aftermarket supplier Circle Distributing
    Japanese trading company Marubeni Corp. has announced that its subsidiary XL Parts, which provides B2B automotive aftermarket parts distribution services mainly in Texas, US, has acquired the assets of automotive aftermarket parts supplier Circle Distributing on 4 April, according to a press release dated 5 April. The release added that Circle Distributing has been a reliable supplier of automotive aftermarket parts for about 40 years, with a total of three locations in Indiana. Through the a...
    AAMP Global announces strategic acquisition of AudioControl
    AAMP Global, an advanced automotive aftermarket technology player, has acquired AudioControl, a press release dated 1 April read. AudioControl is known worldwide for high-performance audio solutions engineered for the automotive, residential, and commercial markets. US-based AudioControl will continue to provide premium entertainment solutions to automotive aftermarket installers, professional audio/video specialists and home technology integrators. According to the release,  AudioC...
    Olympus Partners acquires Omega Environmental Technologies
    US-based private equity firm, Olympus Partners has announced the acquisition of Omega Environmental Technologies, an aftermarket manufacturer and distributor of climate control products across the light and heavy-duty automotive sectors via a press release dated 31 March.  Olympus Partners has acquired Omega from AEA Investors, which will remain a minority equity investor and retain a board position in the company. Omega serves thousands of customers globally across the wholesa...
    Sun Auto opens first store in Goodyear under its brand Sun Devil Auto
    US-based provider of vehicle maintenance, repair, tire sale and tire replacement, Sun Auto Tire & Service Inc., has announced the opening of its new store in Goodyear, Arizona under its Sun Devil Auto brand, according to a press release dated 1 April.  The new Sun Devil Auto store opened on 1 April and is located at 13850 W. Test Dr., Goodyear, Arizona, United States 85338. Sun Auto Tire & Service, Inc. is a premier provider of vehicle maintenance, repair, and tire...
    BORG Automotive announces plans to increase capacities
    BORG Automotive, a Denmark-based automotive parts remanufacturer, has revealed that to continue to meet the higher demand under and after pandemic conditions, it has decided on far-reaching measures, and is gradually putting them into practice, according to a press release dated 11 March. As part of the measures, the company will keep a high inventory of used parts, known as "cores”. Currently, the company keeps more than 1 million original cores suitable for remanufacturing in stock on a...
    Plastic Omnium to acquire ams Osram's automotive lighting business
    Plastic Omnium has announced the acquisition of lighting specialist ams Osram’s Automotive Lighting Systems GmbH (AMLS) business unit for EUR65 million (USD71.39 million), according to a press release published by ams Osram on 25 March. ams Osram will continue to supply automotive light emitting diode (LED) and optical components to Plastic Omnium. However, the transaction does not include other ams Osram technologies and products for automotive OEM and the automotive aftermarket.   ...
    Arrowhead Engineered Products acquires Best4Forst
    US-based distributor aftermarket replacement parts, Arrowhead Engineered Products, announced the acquisition of Best4Forst via a press release dated 3 March.  Arrowhead is a leader in aftermarket parts distribution has acquired a company which serves the European market with forestry and outdoor power equipment parts. The product range extends from robo-mowers to commercial logging equipment. Founded in Austria in 2007, Best4Forst has experienced fast growth as a distributor for Hus...
    LKQ Corporation to sell its PGW Auto Glass business to One Equity Partners
    One Equity Partners (OEP), a middle market private equity firm, announced that it has signed a definitive agreement to acquire PGW Auto Glass (PGW), a distributor of aftermarket glass products for the North American automotive sector, from a subsidiary of LKQ Corporation, according to a press release dated 14 March.  PGW has a long and rich history of serving automotive glass installers across North America. The company’s over 900 employees have helped build industry leading, trusted c...
    Mekonomen Group invests in Omnicar Holding AB
    Mekonomen Group, leading automotive spare-parts chains based in Sweden has announced its expansion within mobile workshop services by investing in the service company Omnicar Holding AB via a press release dated 10 March. Omnicar Holding AB offers mobile car service and digital sales of electric cars. It's services are offered in Denmark with planned expansion also to Sweden and Norway. As the first mobile service provider in Denmark, Omnicar has offered mobile services since the autum...
    Stellantis, LG Energy to invest over USD3.97 billion in setting up a Li-ion battery plant in Canada
    Amsterdam-based Stellantis N.V. and South Korean battery maker LG Energy Solution (LGES) have signed a binding, definitive agreements to set up the first large-scale electric vehicle (EV) battery manufacturing facility in Canada, LG Energy confirmed through an official note on 23 March 2022. The battery plant will be set up and managed by the joint venture company formed by Stellantis and LGES, it said, adding that the joint venture (JV) company will invest over CAD5 billion (USD3.97 billion) in...
    Autozone expands its logistics capabilities on the East Coast
    US-based retailer of aftermarket automotive parts and accessories, AutoZone, is expanding its logistics capabilities on the East Coast, Governor Glenn Youngkin announced via a press release dated 18 February. AutoZone will establish major East Coast distribution center and direct import facility in New Kent County, creating 352 new jobs. The company will construct an 800,000-square-foot distribution center and direct import facility in the New Kent City Center to serve as its E...
    Fersa begins the construction of technological campus of engineering and innovation
    Spanish bearings manufacturer, Fersa Group, has announced that the beginning of the construction of technological campus of engineering and innovation of Fersa Group—Fersa Lab via a press release dated 1 March.  With an investment of EUR14 million (USD15.4 million), the new complex will have two buildings built on a 6,800-square-meter plot located opposite the Fersa Group headquarters. According to the company, with this investment, the Fersa Group continues to bet on ma...
    Fersa acquires PFI Group, Inc
    Spanish bearings manufacturer, Fersa Group, has announced the acquisition of 100% of the capital of the North American company PFI Group, Inc via a press release dated 16 March. Perfect Fit Industries(PFI) is US- based automotive bearings company for light vehicles focussed on automotive aftermarket sector.  According to the release, Fersa strengthens its global distribution strategy in light automotive spare parts, and diversifies its product range with the aim of cl...
    Greenbriar acquires majority stake in JEGS Automotive
    Greenbriar Equity Group, L.P. (“Greenbriar”), a leading middle market private equity firm today announced that funds managed by Greenbriar acquired a majority position in JEGS Automotive, a leading online national retailer and distributor of  aftermarket auto parts and accessories via a press release dated 24 February.  The investment, which represents the first commitment of institutional capital to JEGS, aims to support continued product and market expansion while enhancing it...
    Schaeffler Automotive Aftermarket relocates, expands North American operations
    Automotive and industrial component supplier, Schaeffler Group USA Inc., has announced plans to relocate and expand its Automotive Aftermarket operations in North American market, according to a press release dated 16 March.  The new 250,000 square-foot facility is located in Strongsville, and is expected to be operational in the third quarter. In addition to providing more space—adding almost 110,000 square feet—the Strongsville warehouse distribution center...
    Bridgestone makes minority investment in tire sensor and data management company Tyrata
    Bridgestone has made a minority investment in tire sensor and data management company Tyrata, a company press release on 3 March read. Bridgestone will make use of data and insights from IntelliTread Tyrata.io platform. It helps fleets maximize the service life of all tire assets, reduce tire-related downtime and promote sustainable tire performance best practices. “The Bridgestone investment represents a very significant milestone in the validation of Tyrata’s technology and business mod...
    Japan’s ITOCHU invests in UK automotive digital payments start-up Bumper
    Japanese trading house ITOCHU Corporation announced that it has invested in UK-based Bumper International Limited, a fintech company that provides ‘buy now pay later’ (BNPL) services for car repairs and services in the United Kingdom and Ireland, according to a press release dated 4 March. Bumper is an installment financing service provider for automobile aftersales service, offering a digital payment and loans platform that enables customers to pay for automobile repairs or services, etc...
    HELLA to construct new tool warehouse in Austria
    German aftermarket electronics firm and spare parts distributor HELLA has announced the expansion of its site in Großpetersdorf, Austria. Through its local unit, HELLA Fahrzeugteile Austria (HFA), the company is investing in the construction of a new tool warehouse on three levels with about 450 square meters and a logistics hall with 600 square meters, it said via a press release dated 9 March. In addition, the machinery is being renewed and expanded and the site is scheduled for completion by...
    UK-based DPFs maker BM Catalysts opens new UK site
    UK manufacturer of catalytic converters, DPFs and front pipes, BM Catalysts, has announced the opening of an additional UK production plant, as part of the company’s ongoing investment to meet customer demand, according to a press release dated 4 March. According to the release, the facility, based in Stoke, will enable BM Catalysts to increase its manufacturing capacity, highlighting its continual investment in its supply of products to UK and European markets. The company currently export...
    MidOcean Partners private equity acquires aftermarket manufacturer Cloyes
    MidOcean Partners, a New York-based private equity firm, has announced the acquisition of Cloyes, a North American manufacturer and distributor of timing drive systems and engine components for original equipment manufacturers and the automotive aftermarket, according to a press release dated 22 February. MidOcean acquired the company, which sells its products under the Cloyes brand throughout North America and Dynagear in Mexico, from Hidden Harbor Capital Partners. According to the release,...
    US aftermarket supplier Holley acquires four enthusiast brands
    Holley Inc., a US-based manufacturer of high-performance aftermarket products for car and truck enthusiasts, has announced it has acquired all of the assets of Arizona Desert Shocks (ADS), Baer Brakes, Brothers Trucks, and Rocket Racing Wheels during the fourth quarter of 2021, according to a press release dated 10 January. The company completed these acquisitions for approximately USD56 million financed through a combination of cash on hand and Holley’s new credit facility. For 2022, Holle...
    Bosch acquires 26% stake in Indian online automotive spares marketplace Autozilla
    Bosch, a provider of technology and services in the mobility ecosystem, has acquired a minority stake of 26% in Autozilla Solutions Private Limited to participate in a digital B2B-marketplace for the independent aftermarket (IAM) in India, according to a press release dated 23 February. This transaction is aimed at strengthening Bosch’s market pull through its Bosch Car Service outlets and through the independent garages that are enrolled under the “Extra” Loyalty Program. The collaboratio...
    Apollo Global Management acquires Tenneco for USD7.1 billion
    US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced via press release on 23 February that it had entered into a definitive agreement to be acquired by New York–based global asset management firm Apollo Funds in an all-cash transaction valued at USD7.1 billion. According to the press release, the purchase price of USD20 per share represents a 100.4% premium over the company's closing share price of USD9.98 on 22 February 2022&nb...
    Japanese aftermarket retailer Autobacs Seven expands presence in Thailand
    Autobacs Seven, a Tokyo-based car parts and accessories retailer, has announced that it has expanded its presence in Thailand with opening of two new stores, taking the total count to 29, according to a press release dated 7 February.   The first store, called AUTOBACS Talat Injaroon was inaugurated on 28 January and the second one, named AUTOBACS Talat Thai opened its doors on 29 January. The first one is located in the Bang Khen district in the center of Bangkok. “The Bang Khen area ...
    DENSO to transfer fuel pump module business to parts supplier Aisan
    Japan-based DENSO Corporation has announced that it will transfer its fuel pump module business to Aisan Industry Co, according to a press release dated 17 January. A fuel pump module is an assembly that delivers fuel from the fuel tank to the engine. Aisan Industry is a Japanese company that engages in the manufacture and sale of automotive parts. Its products include fuel system, intake and exhaust system, emission control system, and valve train system products. Aisan also offers motor veh...
    Indian used car platform Spinny acquires AI startup Scouto
    India-based pre-owned car retailing platform Spinny has announced that it has acquired an AI-powered connected car startup Scouto, according to a press release dated 10 February. The company says the deal is the beginning of the consolidation in the artificial intelligence (AI)-powered used car solutions segment in which it is eyeing a market leading position, according to the release. Founded by ex-racecar driver Akshay Gupta (CEO) and Shubham Sharma (CTO), Scouto has built an end-to-end con...
    Faurecia's and HELLA’s combined group to be known as Forvia
    The combined company from the merger between Faurecia and HELLA will be known as Forvia, and will be the seventh largest automotive supplier in the world, the company announced in a press release on 7 February. The new brand reflects both the companies’ evolving innovation and producing future ready sustainable solutions.     Patrick Koller, Faurecia CEO, said, “We are FORVIA! This new name reflects core elements of our Faurecia and HELLA brands, as well...
    Aftermarket distributor CoolDrive acquires performance fuel injector supplier
    Australian automotive aftermarket parts distributor CoolDrive Auto Parts has announced that it has acquired Injectors Online, an Australian company producing performance fuel injectors, according to a press release dated 28 January. Injectors Online has specialist lines for performance applications from Ford, Holden, HSV, Nissan, Toyota, Mitsubishi, Subaru and Dodge. In addition to injectors, the company also offers associated components such as fuel pumps, extensions, connectors and more, ac...
    US paints maker PPG acquires powder coatings manufacturing business of Arsonsisi
    US-based paints, coatings and specialty materials manufacturer, PPG, announced that it has entered into an agreement to acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy, according to a press release dated 7 February. The transaction is expected to close in the first quarter of 2022. Upon completion, the acquisition will enable PPG to expand its powder coatings offering in the Europe, Middle East and Africa (EMEA) region to include metalli...
    UFI Filters signs agreement for new plant in Zhejiang, China
    Italy-based filtration and thermal management company UFI Filters has announced that it signed a new agreement with the JiaXing XiuZhou High-Technology Industrial Park Administrative Committee for a new industrial site in Zhejiang, China, according to a press release dated 4 January. The plot of land will be developed jointly by the UFI Filters Group and the Committee at an investment of around EUR25 million (USD28 million). The plant will produce advanced filtration systems and thermal ...
    MANN+HUMMEL completes acquisition of Pamlico Air
    German components supplier and filtration expert MANN+HUMMEL has announced the completion of its acquisition of Pamlico Air, resulting in 100% ownership of the company. Since March 2021, MANN+HUMMEL has been holding a majority share in Pamlico Air. Pamlico Air, a US manufacturer of indoor air filtration products for mainly the retail and wholesale market, will complement the existing portfolio of MANN+HUMMEL’s subsidiaries Tri-Dim, Tri-Dim Hardy, which focuses primarily on the commercial an...
    Faurecia completes acquisition of lighting and electronics supplier HELLA
    Faurecia announces the completion of lighting and electronics specialist HELLA’s acquisition after receiving all necessary regulatory approvals, it said in a press release on 31 January. Through the transaction, Faurecia acquired 79.5% of the shares in HELLA, including the 60% share package of the HELLA pool shareholders as well as around 19.5% as part of the public takeover offer ended on 11 November 2021.   Patrick Koller, CEO, Faurecia, said, "HELLA and FAURECIA complement each othe...
    South Korea’s SK Networks invests in EV charging management platform Everon
    SK Networks, a subsidiary of South Korean petroleum conglomerate SK Group, engaged in the businesses of energy and information technology distribution as well as car rental, announced that it has become the second largest shareholder of Everon, a Level 2 EV Charge Point Operator (CPO), according to a press release dated 20 January. SK Networks has invested approximately KRW10 billion (USD8.3 million) in the Amsterdam-based data-driven electric vehicle (EV) charging management platform. The in...
    US aftermarket powersports parts supplier SuperATV acquires Assault Industries
    US-based SuperATV, an aftermarket powersports parts and accessories supplier, has announced the acquisition of an off-road manufacturer, Assault Industries, according to a release dated 7 January. The acquisition closed on 6 January, the release added. The acquisition of Assault Industries fits SuperATV's strategy to expand their dealer and consumer reach using Assault Industries' innovative product lines and West Coast dealer presence, according to the release. Assault Industries' passion fo...
    US aftermarket filter supplier Premium Guard acquires filter brand IPC Global
    US-based Premium Guard Inc (PGI), an automotive aftermarket filter brand announced that it has completed the acquisition of IPC Global Solutions (IPC), a private label filter supplier and the creator of the ECOGARD brand of filtration products, according to a press release dated 11 January. As part of the transaction, PGI also partnered with Trive Capital, a Dallas, US-based private equity firm. PGI, which is the creator of PUREFLOW breathable air filtration technology, finalized the deal on ...
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