Announces Agreement to Acquire Germany-based Stahlgruber GmbH
LKQ Corporation (NASDAQ:LKQ) announced an agreement to acquire Stahlgruber GmbH from Stahlgruber Otto Gruber AG for an enterprise value of approximately €1.5 billion ($1.77 billion). Headquartered in Germany, Stahlgruber is a leading European wholesale distributor of aftermarket parts, body repair supplies, tools, capital equipment and accessories with operations in Germany, Austria, the Czech Republic, Italy, Slovenia, and Croatia with further sales to Switzerland.
Stahlgruber’s has 228 sales centers, six warehouses, and an approximately 128,000 square meter (1.37 million sq. ft.) advanced logistics center that is strategically located in Germany, serving more than 100,000