U.S. stock listed Sator-LKQ Corporation acquires Kühne Automotive

Blacktrace advised Kühne Automotive on the sale of its shares to U.S. stock listed Sator-LKQ Corporation. Both Sator-LKQ Corporation and Kühne Automotive observed further internationalization and scale.

Kühne Automotive imports and distributes a wide range of car parts that are supplied to garages exclusively through the wholesale sector (car parts wholesalers). Kühne Automotive is a leading player in the replacement parts market for cars. This position has been achieved, amongst others, by investing in a broad product range. In addition, the quality of products and services is a pre-requisite when selecting suppliers. Kühne Automotive only represents parts manufacturers who supply top quality products. LKQ is a successful supplier of recycled, aftermarket, and reconditioned car and truck parts and heavy-duty truckparts in the North-American aftermarket. In October 2011 LKQ Corporation acquired the British company Euro CarParts for 225 million pounds upfront and an earn-out of 55 million pounds, depending on the results of the company in 2012 and 2013. LKQ largely invested in the expansion of the British company, including the opening of 42 branches and a warehouse for car parts. Within the past sixteen years LKQ Corporation acquired over one-hundred and- sixty companies. In May 2013 LKQ acquired Sator for $268 million. The agreement was a consequence of the industry tendency of consolidation and internationalization. With the acquisition, USA stock listed LKQ Corporation makes another important step forward.

 

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