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 […]
LKQ Reports 11.7% Revenue Growth for Third Quarter 2017
Organic growth in North America up 4 percent on per day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2017 of $2.47 billion, an increase of 11.7 percent as compared to $2.21 billion in the third quarter of 2016. Income from continuing operations for the third quarter of 2017 was $122 […]
LKQ’s North American Operations Breaks Ground on New Headquarters in Nashville
LKQ Corporation announced it officially began construction on a new 100,000 square foot office building in Nashville, Tenn. that will serve as headquarters for LKQ’s North American Operations. With approximately 400 employees in the Nashville area, this new facility will allow LKQ to consolidate its current corporate support staff employees from their Grassmere Park and […]
UK Competition Authority Proposes LKQ Subsidiary Sell Locations to Satisfy Competition Concerns
CMA wants Euro Car Parts to divest locations in 10 cities to satisfy competition concerns with its acquisition of Andrew Page. The Competition and Markets Authority (CMA) in the United Kingdom yesterday detailed concerns it has with LKQ Corporation subsidiary Euro Car Parts’ October 2016 acquisition of competitor Andrew Page. Both companies sell car parts […]
Varun Laroyia New Chief Financial Officer at LKQ Corporation
The LKQ Corporation (NASDAQ:LKQ) has appointed Varun Laroyia as Executive Vice President and Chief Financial Officer, effective October 1. Laroyia brings an extensive array of diverse financial experience to LKQ, including a background with global public companies in corporate finance, operations management, systems, and mergers and acquisitions. “Varun is an accomplished executive with significant global […]
LKQ Corporation Reports 6.7% Revenue Increase in Second Quarter
Organic Revenue Growth 3.8 percent, on same-day basis up 4.9 percent. LKQ Corporation (NASDAQ:LKQ) on July 27 reported revenue for the second quarter of 2017 of $2.46 billion, an increase of 6.7 percent as compared to $2.30 billion in the second quarter of 2016. Income from continuing operations for the second quarter of 2017 was […]
LKQ CEO Transition Took Effect May 31
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 […]