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You are here: Home / News / AMA Group Completes Capital S.M.A.R.T Acquisition

AMA Group Completes Capital S.M.A.R.T Acquisition

October 31, 2019 By CollisionWeek Editor

Australia’s AMA Group Limited (ASX:AMA) announced the completion of the previously announced acquisition of Capital Smart Repairs Australia Pty Ltd (Capital SMART).

AMA Group Acquires Capital SMART

Under the sale terms AMA owns 90% of Capital SMART, with Suncorp Insurance Ventures Pty Ltd (Suncorp) retaining a 10% holding in Capital S.M.A.R.T.

The acquisition includes a long-term strategic service agreement of 25 years under which Capital S.M.A.R.T remains Suncorp’s recommended repairer.

AMA has also acquired 100% of Suncorp’s ACM Parts Pty Ltd (ACM).

AMA Group Chief Executive Officer Andy Hopkins said: “We are pleased with the strong level of support we received in the equity raising

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Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Capital S.M.A.R.T, New Zealand, Suncorp

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