LKQ to acquire Stahlgruber
LKQ Corporation has signed a definitive agreement to acquire Stahlgruber GmbH from Stahlgruber Otto Gruber AG for EUR 1.5 billion.
Headquartered in Germany, Stahlgruber is a European wholesale distributor of after-market spare parts for passenger cars, tools, capital equipment, and accessories with operations in Germany, Austria, the Czech Republic, Italy, Slovenia, and Croatia with further sales to Switzerland. Stahlgruber’s facilities include 228 sales centres, six warehouses, and a 128,000 m2 logistics centre in Germany, serving more than 100,000 clients and offering over 500,000 SKUs. The company has 6,600 employees and its 2017 revenue is estimated to be EUR 1.6 billion. LKQ expects to complete the transaction late in the first quarter or early in the second quarter of 2018, subject to required regulatory approvals.