Dominick Zarcone’s previously announced promotion to President and Chief Executive Officer of LKQ Corporation (NASDAQ:LKQ) became effective as of May 31. Robert Wagman, the Company’s President and Chief Executive Officer from January 2012 until May 2017, is now a part-time employee of the company serving as Executive Strategic Advisor primarily relating to mergers and acquisitions. […]
UK Competition Authority Launches In-Depth Investigation into LKQ Subsidiary Acquisition
The United Kingdom Competition and Markets Authority (CMA) announced today that it was launching an in-depth review of Euro Car Parts’ acquisition of Andrew Page. The possibility of the in-depth review was announced earlier this month by the CMA On May 11, the CMA announced that it would refer the deal for an in-depth investigation […]
LKQ Subsidiary Acquisition Faces Possible In-Depth Probe by UK Competition Authority
The United Kingdom Competition and Markets Authority (CMA) announced today that Euro Car Parts’ acquisition of Andrew Page faces an in-depth merger probe, unless it offers acceptable ways of addressing competition concerns. Euro Car Parts, the UK-based subsidiary of LKQ Corporation (NASDAQ:LKQ) announced in October 2016 it was acquiring Andrew Page Limited, a distributor of […]
LKQ Reports Record Results for First Quarter
Revenue growth of 21.9% to $2.34 billion, Organic Growth for parts and services 4.5% LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the first quarter of 2017 of $2.34 billion, an increase of 21.9 percent as compared to $1.92 billion in the first quarter of 2016. Income from continuing operations for the first quarter of […]
LKQ Acquires Irish Collision Repair Supply Firms
Euro Car Parts, an LKQ company, today announced that it has acquired the business of Team P R Reilly, a leading, family-owned, car parts, accessories and body shop business based out of Dublin, Ireland, and Karkraft (N.I.) Limited of Belfast, UK, a paint and collision repair supply specialist. The agreement expands Euro Car Parts operations […]
LKQ Corporation Announces New CEO
Rob Wagman steps down due to health considerations. LKQ Corporation (NASDAQ:LKQ) announced that its Board of Directors unanimously selected Dominick P. Zarcone, the current Chief Financial Officer of the company, to become the new President and Chief Executive Officer. Robert L. Wagman has announced his intention to step down from the positions of President and […]
ALLDATA Signs Reseller Agreement with LKQ’s Rhiag Group in Italy
ALLDATA Europe GmbH, an affiliate of ALLDATA LLC, , announced it has signed a reseller agreement with Rhiag Group, an affiliate of LKQ Corporation, to enhance ALLDATA’s ability to serve the Italian market with OEM diagnostic and repair information. LKQ announced an agreement to acquire Rhiag in January 2016. The company has operations in Italy, Czech Republic, Switzerland, […]
LKQ Finalizes Sale of OEM Glass Manufacturing Business
LKQ Corporation (LKQ) yesterday announced that it has completed the previously announced agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro, S.A.B. de C.V., a glass manufacturer based in Mexico. The sale price was $310 million, subject to potential post-closing purchase price adjustments. As […]
LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter
Organic parts and service revenue growth was up 4.8 percent. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent compared to $95.1 million 2015. Net income for full year 2016 was […]
LKQ Sells OEM Glass Manufacturing Business to Vitro SAB
LKQ Corporation (NASDAQ:LKQ) today announced that it has entered an agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro S.A.B. de C.V. (VITROA.MX), a leading glass manufacturer based in Mexico. The sale price is $310 million, subject to potential post-closing purchase price adjustments. As […]