LKQ Corporation (NASDAQ:LKQ) today announced that it has sold GSF Car Parts to Epiris Fund III, a private equity fund based in the United Kingdom. The divestiture fulfills LKQ’s undertaking to the UK’s Competition and Markets Authority to sell the GSF business in connection with LKQ’s acquisition of Uni-Select Inc. that was completed August 1. […]
UK National Body Repair Association Announces Greener Bodyshop Awards
The National Body Repair Association (NBRA) announced the winners for the Greener Bodyshop winners held on September 14. “We are very honoured to recognise and award those who have made a significant impact in the industry, from environmental improvement and positive changes in business culture to their commitment to diversity and inclusion,” said Thomas Hudd, […]
Andrian Furness Named Managing Director of Activate Group Motor Repair Network in the UK
The Activate Group announced the appointment of Adrian Furness as Managing Director of its Motor Repair Network business. Furness will take up his new role on October 2. Activate Group specializes in accident management services and partners with some of the country’s best-known fleets and insurers to service hundreds of thousands of claims a year. […]
GT Motive Partners with OEC to Connect UK Customers to Competitive OEM Parts
GT Motive has announced a partnership with OEC to provide customers with access to competitively-priced OEM parts available directly from OEC’s Vision collision platform in the UK starting this year with plans to extend to other European countries in the future. David Vella, Executive Director of GT Motive, said, “We’re proud to partner with OEC […]
Association of British Insurers Reports Motor Insurance Claims Up 29% in Second Quarter, Cost of Vehicle Repairs Up 46%
Motor insurers paid out £2.5 billion ($3.1 billion) in motor claims in the second quarter of this year, up 29% on the £2 billion paid in the same quarter last year according to latest Association of British Insurers (ABI) data published September 5. This was the highest quarterly figure since we started collecting data back […]
UK’s Steer Automotive Group Acquires 5 Location Commercial Vehicle Collision Repair MSO
The Steer Automotive Group has acquired C&C Vehicles Services that operates five commercial collision repair and refurbishment facilities in the UK along major travel routes. The acquisition marks the launch of the Steer Commercial Division with plans to grow the footprint of commercial facilities beyond the five acquired locations. Established in 1986, C&C Vehicle Services […]
Adam Winslow Named Chief Executive Officer at UK’s Direct Line
UK’s 2nd largest auto insurer also owns 22 collision repair centers. UK-based insurance company Direct Line Group announced that Adam Winslow is to be appointed as Chief Executive Officer of the Company, subject to regulatory approval. It is expected that he will take up the role as Direct Line Group Chief Executive Officer in the […]
Fix Auto UK Acquires Majority Stake in Cheltenham Collision Repair Center
Fix Auto UK announced it has added to its portfolio of wholly and part owned collision repair centers by taking over as the majority shareholder in Fix Auto Cheltenham. The network has bought the shares previously owned by businessman Andrew Emery who is stepping away from the industry to concentrate on other business interests. Fellow […]
LKQ Corporation Completes Uni-Select Acquisition
Uni-Select operates over 145 FinishMaster stores in the U.S. and serves Canadian auto and collision repair shops from more than 1,000 independent and 95 company operated stores. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE: UNS) today announced the completion of the previously-announced acquisition of Uni-Select by 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ. In […]
UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select
LKQ had previously announced its intention to divest Uni-Select’s GSF Cark Parts UK business as part of acquisition. A fast-track Phase 1 investigation by the UK Competition and Markets Authority (CMA) confirmed July 21 that LKQ Corporation’s purchase of Uni-Select Inc. could raise competition concerns in the UK. LKQ, through Euro Car Parts, and Uni-Select, […]
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