Van, Truck, Trailer, Bus and Coach Aftermarket News in Ireland

LKQ Corporation to acquire Uni-Select

LKQ Corporation, the parent company of Euro Car Parts, has agreed to acquire all of Uni-Select Inc.’s issued and outstanding shares for a total figure of around 2.8 billion Canadian dollars.

Founded in Québec, Canada in 1968, Uni-Select distributes automotive aftermarket parts in the UK through its GSF Car Parts segment.

It is also a big player in the North American market for the distributing of automotive refinish and industrial coatings and related products.

LKQ Corporation said that due to anticipated regulatory measures it will undertake a process to divest GSF Car Parts.

Because of this, Uni-Select and GSF will continue to operate as independent companies until the completion of the transaction.

GSF Car Parts president and COO Sukhbir Kapoor said: “We are a strong and healthy business, optimistic about the eventual outcome of the divestment process, given the strength of GSF and the talent of our 2,500 people across the UK.

“There is no material change to the day-to-day business of GSF Car Parts because of Uni-Select’s announcement, so our network of 180 branches and our growing online retail service remains open for business as usual.

“Everyone at GSF Car Parts remains committed to driving value and delivering the excellent service to our customers on which the business has built its strong reputation.”