The United Kingdom Competition and Markets Authority (CMA) has opened an inquiry in the acquisition of Andrew Page Limited, a distributor of automotive parts in the UK, by the LKQ Corporation (NASDAQ:LKQ) subsidiary Euro Car Parts. On Wednesday, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on ECP […]
LKQ Acquires UK Parts Distributor
LKQ Corporation (NASDAQ:LKQ) today announced that its United Kingdom subsidiary, Euro Car Parts, has acquired Andrew Page Limited, a distributor of automotive parts in the United Kingdom. As part of the transaction, Euro Car Parts acquired 102 Andrew Page branch locations, its national distribution center and corporate office. “We are pleased to acquire the Andrew […]
LKQ Reports 5.6% Parts and Services Organic Revenue Growth in Second Quarter
LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the second quarter of 2016 of $2.45 billion, an increase of 33.3 percent compared to $1.84 billion in the second quarter of 2015. Net income for the second quarter of 2016 was $140.7 million, an increase of 17.6 percent as compared to $119.7 million for the same […]
LKQ Corporation Added to S&P 500 Index
LKQ Corporation (NASDAQ:LKQ) announced that S&P Dow Jones Indices added the company to the S&P 500 Index, effective at the close of trading May 20, 2016. The S&P 500 is one of the most widely used benchmarks of U.S. equity performance and is held broadly by U.S. and international index funds. First published in 1957, […]
LKQ Reports 8.3% Revenue Growth in First Quarter
The LKQ Corporation today reported record revenue for the first quarter of 2016 of $1.92 billion, an increase of 8.3 percent as compared to $1.77 billion in the first quarter of 2015. Net income for the first quarter of 2016 was $107.7 million, an increase of 0.6 percent as compared to $107.1 million for the […]
LKQ Finalizes Pittsburgh Glass Works Acquisition
LKQ Corporation (NASDAQ:LKQ) yesterday announced that it has completed its previously announced acquisition of Pittsburgh Glass Works LLC (PGW). LKQ Corporation logo“With the acquisition of PGW and our entrance into the sizable automotive glass market, we continue to grow our industry-leading position and product offerings to further serve the needs of our professional repairer customer,” […]
LKQ to Acquire Pittsburgh Glass Works
LKQ Corporation (NASDQ:LKQ) announced that it has signed an agreement to acquire Pittsburgh Glass Works LLC (PGW) from private equity firm Kohlberg & Company LLC and PPG Industries, Inc. for an enterprise value of $635 million. PGW is a global distributor and manufacturer of automotive glass products. PGW’s business comprises wholesale and retail distribution services, […]
LKQ Reports Revenue Growth of 6.7% in 2015
The collision repair industry part supplier surpassed $7 billion in annual revenue for the first time in 2015. The LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2015. For the fourth quarter of 2015, revenue was $1.75 billion compared with $1.68 billion for the fourth quarter of […]
Suncorp Acquires LKQ Stake in ACM Parts
Suncorp Group announced it has acquired full ownership of the ACM Parts joint venture after purchasing that stake owned by LKQ Corporation (NASDAQ:LKQ), Suncorp’s partner in the joint venture. Originally announced in August 2013, the ACM Parts joint venture brought together the US-based non-OEM and recycled parts supplier with Australia’s largest insurer to establish an […]
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 […]