South African automotive group, Motus Aftermarket Parts, has acquired 100 per cent of the share capital of FAI Automotive, effective October 1, 2021.
Motus Aftermarket Parts (MAP) already owns a network of franchised commercial and passenger vehicle dealerships in the UK through its subsidiary Motus Group (UK) Ltd, and has been present in this market for many years. The acquisition of FAI is the first UK business acquired by MAP.
MAP is a distributor, wholesaler and retailer of parts and accessories for out of warranty vehicles through a combination of owned operations as well as a substantial franchisee base.
From October 1, the board of FAI will be led by Jonathan Alexander (CEO), with Peter Guinn (CFO) and Tracy Payne (Systems & Procedures Director) being joined by Malcolm Perrie and Carel de Klerk of Motus.
Jonathan Alexander will also join the MAP executive committee. He has been with FAI for over 19 years and became CEO in 2020.
Alexander said: “The acquisition of FAI by Motus will bring us many synergies, with scope to expand our supply chains and product ranges, as well as the opportunities to enter new markets.
“Both existing and new customers will benefit from our core aims of best availability, best service, best quality and best price.
“Our business ethos is so closely aligned with Motus’s that the change of ownership will be seamless, but the benefits will be felt by all.”
MAP says the acquisition of FAI provides it with access to the key European aftermarket alongside other synergies.
One of FAI’s strategic objectives was to establish a distribution centre in China to better serve its international client base. As this already exists within MAP this plan will be fast tracked with a combined presence in a single facility.
Added procurement resources, to assist the South Africa and UK based operation, will also be deployed where required.