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Euro Car Parts merges with large European parts supplier

Time 8:16 am, April 25, 2013

Euro Car PartsEURO CAR PARTS – a UK-based supplier of car and van parts – has merged with major European parts group, becoming one of Europe’s largest car parts distributors.

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.’

Jon Reay's avatar

Staff Writer Jon is one of the Car Dealer team's newest members. You can also find him contributing to AOL Cars.

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