LKQ Corporation (NASDAQ:LKQ) announced that it has acquired Elite Electronics, the Richardson, Texas based automotive diagnostic and repair services firm. This acquisition launches LKQ into the vehicle services market, converging LKQ’s parts and distribution business with Elite’s services to further facilitate customers’ needs.
Elite Electronics provides mobile and on-site diagnostics for automotive collision and mechanical repair facilities that are facing the rapidly expanding vehicle diagnostics and calibration marketplace. Re-flashing, programming, pre- and post- collision repair diagnostics, ADAS related calibrations, air bag replacements, theft and vandalism repair, frame replacements and full mechanical services are among the services Elite provides.
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