Axalta Coating Systems (NYSE:AXTA) has launched Syrox, a new refinish brand for the European market. Designed with new European formulations specifically for the mainstream aftermarket segment, Syrox is a complete and compact refinish paint system, including a waterborne basecoat, developed for passenger car repairs. The Syrox refinish system provides a cost-effective alternative to premium product […]
Axalta Acquires Netherlands Distributor Geeraets Autolak
Axalta Coating Systems (NYSE:AXTA) announced it has acquired the business of Geeraets Autolak, a distributor of Axalta’s Cromax refinish coating products in the Netherlands for nearly 40 years. The operations of Geeraets Autolak will be integrated into the Axalta organization, operating under the Cromax name. The acquisition takes effect immediately. Financial terms of the agreement […]
Copart Opens First Facility in Spain
Copart, Inc. (NASDAQ:CPRT) announced the opening of its first total loss vehicle storage and processing facility on mainland Europe as well as the first real time online auction of those vehicles in Spain. The auction was hosted on Copart Spain’s new website. The new facility is located in Algete, on the outskirts of Madrid. “Opening […]
Axalta Opens Renovated Cromax Training Center in Belgium
Axalta Coating Systems announced it has recently opened its renovated Cromax training headquarters for the Europe, Middle East and Africa (EMEA) region, in Mechelen, Belgium. Extensive work was carried out at The Cromax Training Centre (CTC) in two phases over two years and has seen the facility being completely overhauled – both cosmetically and technologically […]
Report: Car Sharing Will Keep Growing, But It Will Not Disrupt the Automotive Industry
Boston Consulting Group projects car sharing will reduce new-vehicle sales by only 1 percent in 2021. Report projects autonomous vehicles will have greater impact on the industry but not until late 2020s. According to a new report from The Boston Consulting Group (BCG) while car sharing is taking hold in large urban areas in both […]
LKQ Acquires Rhiag-Inter Auto Parts Italia S.p.A.
LKQ Corporation (NASDAQ:LKQ) announced that it has signed an agreement to acquire the holding company of Rhiag-Inter Auto Parts Italia S.p.A, a European distributor of aftermarket parts, for €1.04 billion ($1.13 billion). Rhiag has operations in Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain. The company operates through 247 distribution centers […]
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