According to Thatcham Research, the United Kingdom-based motor insurers’ automotive research center, challenging decisions lie ahead for body shops, as modern vehicles trigger need for specialized repair strategies. The organization announced a new partnership with Business Success Global (BSG) to bring a leadership and management development program to market to help repairers respond to changes […]
Opus Group Acquires Autologic Diagnostics
The Opus Group AB (STO:OPUS)announced June 16 it has acquired Autologic Diagnostics (Holdings) Ltd, the UK-based automotive diagnostics firm. The purchase price is £8 million ($10.1 million) on a cash and debt free basis. Autologic had 2016 revenues of approximately £16.5 million ($20.8 million) with earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for non-recurring […]
More Raids in UK Investigation into Collision Repair Center Data Theft
Investigation continues into theft of body repair customer information from computer systems. More homes in the United Kingdom have been searched as part of an ongoing investigation by the Information Commissioner’s Office (ICO) into the theft of customer data from collision repair centers. The investigation relates to nuisance calls that encourage people to make personal […]
Thatcham Calls on Vehicle Manufacturers to Engage with Repair Industry to Address “Spiraling Cost of Repair”
According to the UK-Based Insurance Research body, average repair bills have increased by 32% over the last three years due to increasingly complex repairs. Thatcham Research is today delivering a call to action for vehicle manufacturers to urgently engage with the repair industry to halt spiraling costs. According to Thatcham, the motor insurer’s automotive research […]
Solera Proposes Sale of E3 Technical in UK to Satisfy Competition Authorities Concerns on Autodata Acquisition
UK Authority will consider proposal to divest technical information provider to preserve competition. The United Kingdom Competition and Markets Authority (CMA) announced yesterday that it is considering proposals from Solera to overcome competition concerns over its January acquisition of Autodata. According to the CMA, Solera has proposed to sell E3 Technical, which is part of […]
Uni-Select Acquires UK Parts Distributor
Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, announced an agreement to acquire The Parts Alliance, the second largest independent distributor of automotive aftermarket parts in the UK. The £205.0 million ($264.1 million) transaction is fully funded with debt. The deal marks Uni-Select’s entry into European market with a leadership position in the […]
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 […]
Solera Acquisition of Autodata Faces Possible In-Depth Probe by UK Competition Authority
Solera Holdings Inc. acquisition of Autodata faces an in-depth merger probe, unless it offers acceptable ways of addressing competition concerns raised by regulators in the United Kingdom. Solera announced it was acquiring Autodata in January and was completed in February. The companies supply vehicle maintenance and repair information platforms across the UK and the Competition […]
UK’s National Body Repair Association Issues Advice to Collision Repair Shops Following Data Breach
The UK-based National Body Repair Association (NBRA) is providing recommendations to collision repair shops following a customer information data breach that was brought light by its members last year. The breach is being investigated by the UK Information Commissioner’s Office (ICO) resulting in several raids. “The National Body Repair Association (NBRA) has been focusing heavily […]
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 […]