Copart, Inc. (NASDAQ:CPRT) announced it has opened its third location in Germany. The facility is located at Bruchmühlbach-Miesau, near Mannheim, Germany. “Our buyers’ appetite for vehicles in Germany is huge. I am excited that we’re opening a location near Mannheim,” said Alain Van Munster, Managing Director, Copart Germany. “It will be an important asset in […]
Copart Adds Second Location in Germany
Copart, Inc. (NASDAQ:CPRT ) announced the opening of its second location in Germany. The facility is located at Industriegelände Nobitz 6, Nobitz, Thuringia, near Leipzig, Germany. “We are proud to open our second location in Germany,” said Alain Van Munster, Managing Director, Copart Germany. “With our proximity to Leipzig, we are able to more efficiently […]
LKQ Corporation Acquires European Aftermarket Parts Distributor
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 […]
Enterprise Rent-A-Car acquires CARO Autovermietung in Germany
Enterprise Rent-A-Car Germany announced an agreement to acquire Bremen-based CARO Autovermietung GmbH. The agreement, for an undisclosed sum, is subject to approval by the German Federal Cartel Office (Bundeskartellamt) and is expected to be closed in the coming weeks. Until such approval, the Enterprise and CARO Autovermietung brands will be operated independently, but when the […]
BASF Acquires Surface Treatment Provider Chemetall
BASF has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall. The purchase price is $3.2 billion. The transaction is subject to approval by the relevant authorities and is expected to close by the end of 2016. Chemetall is a global technology and innovation leader in the metals surface treatment market, and is […]
Fix Auto Entering German Collision Repair Market
Fix Auto World appoints Roy de Lange as Head of Business to lead German operations in 2017 David Lingham, Head of Business for Fix Auto World, announced Fix Auto’s upcoming entry into the German collision repair market, along with the appointment of Roy de Lange to the role of Head of Business, effective February 1st, […]
3M Prevails in European Patent Infringement Action
3M (NYSE:MMM) announced yesterday that the District Court of Frankfurt, Germany, has ordered a preliminary injunction against China-based Qingdao Summit Industrial Co., Ltd. for infringement of the German portion of 3M’s European patent EP 0,954,381 B2. This patent relates to 3M’s PPS technology that enables the mixing and spraying of coatings for collision repair. The court order […]
Copart Announces Opening of First Location in Germany
Copart, Inc. (NASDAQ:CPRT) announced the opening of its first German vehicle storage and auction location in Bad Fallingbostel, near Hanover. “This is an incredible milestone for Copart. We are now offering the full Copart model to the German market, the tenth country in which our model has been implemented,” said Vinnie Mitz, President of Copart. […]
Axalta Expands European Technology Centre in Germany
Axalta Coating Systems (NYSE:AXTA) officially opened its newly expanded European Technology Centre (ETC) in Wuppertal, Germany today. The center will be home to the company’s liquid coating research facilities for the Europe, Middle East and Africa (EMEA) region. “Axalta is making this considerable investment in its EMEA research and development facilities to expand, to upgrade […]