The merger, between Euro Car Parts and Netherlands-based Sator Holdings, was announced yesterday and financed by a LKQ Corporation – a major supplier of collision replacement parts in the US and Canada. Its subsiduary, LKQ Europe, has owned Euro Car Parts since October 2011 – purchasing the firm for £225 million.
Sator holdings owns a number of different part and tool distribution companies – including many based in the Netherlands, and a number which distribute throughout Europe.
Sukhpal Singh Ahluwalia, managing director of LKQ Europe – owner of Euro Car Parts– commented: ‘Imagine 11 million disc brake pads stacked up, they would reach 175 miles above the ground or 32 times the height of Mount Everest. Or 8 million oil and air filters – that’s one for each person living in London.
‘Such is the volume of car parts sold annually by a new distribution group, announced today. This new group, with annualised sales of over €1 billion has such large purchasing power that it could supply a car part to each of England’s 56 million citizens, each year.
‘We intend to use this power and world-sourcing capability to drive down the cost of car parts, to the benefit of Europe’s hard-pressed motorists and fleet operators.’