Connect with us

Distribution

Genuine Parts Co. Announces Automotive Acquisition In Europe

GPC’s Alliance Automotive Group enters definitive agreement to acquire Netherlands-based PartsPoint Group.

Advertisement

Advertisement
Click Here to Read More
Advertisement

Genuine Parts Co. (GPC) announced today an acquisition for its European Automotive business, Alliance Automotive Group (AAG).

AAG, the company’s wholly owned automotive distribution company based in London, U.K., has entered into a definitive agreement to acquire PartsPoint Group (PartsPoint). The transaction is expected to close on June 1, and is contingent upon satisfaction of customary closing conditions and receipt of applicable regulatory approvals.

PartsPoint Group, headquartered in Ede, Netherlands, is a leading distributor of automotive aftermarket parts and accessories in the Benelux region. Through a network that includes one national distribution center, six regional warehouses and 147 branches, PartsPoint serves thousands of customers across the Netherlands and Belgium, predominantly independent garages and wholesalers. The company expects the acquired business to generate annual revenues of approximately $330 million.

Paul Donahue, president and CEO of Genuine Parts Co., stated, “PartsPoint Group is a leading supplier of automotive parts and accessories in the Benelux marketplace, and we are pleased to expand our European footprint into this region with such an outstanding organization. We are excited for the opportunities we see in the Netherlands and Belgium, and we look forward to the many contributions the PartsPoint team will make in the years ahead.”

Advertisement

Jean-Jacques Lafont, CEO of Alliance Automotive Group added, “PartsPoint Group is an excellent strategic fit for AAG and an important milestone in our growth strategy in Europe. PartsPoint has a strong and talented management team and we look forward to supporting their long-term growth plans. We welcome the addition of PartsPoint to AAG.”

Advertisement

National Pronto Association Adds Brakes And More

U.S. Auto Parts Network Selected For Russell 2000 Index

APA Holds Online Election, Announces 2020 Board Of Directors

Refaccionaria Del Sol Upgrades To Epicor Vision Software

Advertisement

POPULAR POSTS

Newsweek Ranks Goodyear Among Greenest Big Companies

Sponsored Content

Why Trucks Are The Future Of The Aftermarket Sweet Spot

Events

Editor’s Note: AMN On Holiday

Legislative

VA Gov. Signs Vehicle Safety Inspection Program Legislation

Connect