CHICAGO – LKQ Corp. has signed letters of intent to acquire five Netherlands companies, all of which are customers of and currently serve as distributors for LKQ’s Netherlands subsidiary, Sator Holding B.V. The companies are Rijsbergen Holding B.V., Pala Holding, B.V., Primaparts Automaterialen B.V., BOAC Automotive B.V. and VEAM B.V.
LKQ’s preliminary estimate of the aggregate annual revenue of the five companies (after netting existing sales among the companies and Sator) is approximately $180 million. LKQ is targeting the completion of the transactions in the second or third quarter of 2014.
