LKQ Corporation (NASDAQ:LKQ) announced an agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. In May 2018, the European Commission cleared LKQ’s acquisition of Stahlgruber GmbH, with the exception of Stahlgruber’s two wholesale businesses in the Czech Republic, which […]
PPG to Acquire Industria Chimica Reggiana
Italy-based automotive refinish coatings manufacturer sells products in more than 70 countries. PPG (NYSE:PPG) today announced that it has reached an agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The transaction is expected to close in the first quarter 2020, […]
Coalition Calls for EU Legislators to Ensure Level Playing Field for Remote Access to Vehicle Data
Group calls upon EU decision makers to put forward legislation by 2020 ensuring remote access to in-vehicle data and functions. CECRA, the European umbrella organization of national automotive trade associations and European brand dealer councils, announced November 14 that a number of associations in the automotive sector and mobility services operators, insurers, consumers and small […]
3M and sia Abrasives Settle Patent Infringement Disputes
3M Company, 3M Deutschland GmbH, 3M Innovative Properties Company, sia Abrasives Deutschland GmbH and sia Abrasives Industries AG have settled patent infringement lawsuits brought by 3M in the District Court of Mannheim in Germany and the Federal Patent Court in St. Gallen, Switzerland, and Robert Bosch GmbH has withdrawn its related opposition to 3M’s patent […]
Jim Muse Appointed VP of Refinish for Europe, Middle East and Africa at Axalta
Axalta (NYSE:AXTA) today announced the appointment of Jim Muse as Vice President of Refinish Europe, Middle East and Africa (EMEA) effective immediately. He succeeds Adrien Schrobiltgen in this role. Muse first joined Axalta in 2013 as part of the North American refinish leadership team and was awarded the Axalta Senior Leadership Award in 2015 for […]
LKQ Divests a Majority of Bulgarian Business
LKQ Corporation (NASDAQ:LKQ) announced it has merged its subsidiary Auto Kelly Bulgaria EOOD with Elit Kar OOD. LKQ now owns a 20% equity interest in the combined business, which will continue to operate under both the Elit Car Group and Auto Kelly brand names. In addition, the combined business will acquire parts from LKQ’s aftermarket […]
BASF Seeks to Strengthen Refinish Business with Acquisition of Belgian Internet Accident Management Service and Vehicle Lifecycle Management Platform
BASF announced September 30 that it acquired a majority share of the internet platform UBench with offices in Turnhout and Geel, Belgium. Both companies have agreed not to disclose financial details of the transaction. The transaction includes UBench International NV, CarRoll BVBA and DLight BVBA. Regulatory approvals are not required. BASF says the transaction strengthens […]
Arnd Franz Named to Succeed John Quinn at LKQ Europe
LKQ Corporation (NASDAQ:LKQ) announced that John S. Quinn, Executive Vice President and CEO of LKQ Europe, has submitted his notice of retirement and Arnd Franz, currently Chief Operating Officer of LKQ Europe, has been selected to succeed John effective October 1. Arnd Franz joined LKQ in April of this year after spending most of his […]
3M and Saint-Gobain Settle Paint Spray Patent Dispute
3M Company and Saint-Gobain Abrasives Inc. announced they have settled a long-standing patent dispute in Europe that related to 3M’s Paint Preparation System (PPS) and Saint-Gobain’s “Norton Paint Systems” (NPS) brand. The settlement covers infringement actions brought by 3M under several European patents against Saint-Gobain Abrasives in Germany and in France and corresponding actions by […]
BASF Named Preferred Partners of Jaguar Land Rover Europe, Receives Global OEM Award
Jaguar Land Rover (JLR) European headquarters recently signed a cooperation agreement with Glasurit and R-M, BASF’s refinish paint brands. BASF also received a Global Purchasing Excellence Award from JLR. As JLR’s sole preferred paint partners, they will not only supply the refinish products and color matching systems but also provide dedicated program managers via service […]
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