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LKQ Corporation takes over Stahlgruber GmbH
The board of Stahlgruber Otto Gruber AG has decided to sell Stahlgruber GmbH to the LKQ Corporation, including all national and international subsidiaries.
LKQ Corporation takes over Stahlgruber GmbH
The corresponding purchase agreement was signed at the beginning of this week. The purchase price corresponds to a company value of approximately 1.5 billion euros. The decision is the result of an intensive examination of several purchase offers. The transaction is still subject to approval by the relevant authorities. With the sale of Stahlgruber to LKQ Corp. The aim is to ensure that Stahlgruber remains successfully and strategically positioned in the light of the ongoing European consolidation of the auto parts wholesale trade. The well-being of the employees played a particularly important role in the selection of the strategic and long-term investor. “By merging with LKQ Corp., Stahlgruber can maintain and further expand its outstanding market position in the European automotive parts market,” said Heinz Reiner Reiff, CEO of Stahlgruber Otto Gruber AG.
LKQ Corp. ( www.lkqcorp.com ) is a leading provider in the international automotive aftermarket with operations in North America, Europe and Taiwan and a market capitalization of approximately twelve billion US dollars.