ATLANTA, April 13, 2022 /PRNewswire/ — Real Components Firm (NYSE: GPC) introduced at present an acquisition for its European Automotive enterprise. Efficient April 12, 2022, Alliance Automotive Group (AAG), the Firm’s wholly-owned automotive distribution firm based mostly in London, U.Okay., acquired Lausan Group (Lausan).
Lausan, based in 1953 and based mostly in Bilbao, Spain, is a number one distributor of automotive aftermarket elements in Spain and Portugal, which symbolize the 5th largest automotive parc in Europe. Lausan serves its clients from a longtime community, together with one nationwide distribution heart, 9 regional hubs and 37 shops. The Firm expects Lausan to generate annual income of roughly €115 million ($125 million USD).
“We’re happy to increase our European automotive footprint with the addition of Lausan,” stated Paul Donahue, Chairman and Chief Govt Officer of GPC. “With our entry into Spain and Portugal, we anticipate to additional strengthen Lausan’s market-leading place by capitalizing on our European scale and buying experience, in addition to leveraging the roll-out of our NAPA model throughout this area. We welcome the Lausan crew to the GPC and AAG household and are excited to work collectively to maximise the expansion alternatives in our European enterprise.”
With the addition of Lausan, AAG operates in 9 European international locations: France, the UK, Eire, Germany, the Netherlands, Belgium, Poland, Spain and Portugal.
Ahead Trying Statements
This press launch incorporates “forward-looking statements” which can be topic to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. All statements sooner or later tense and all statements accompanied by phrases akin to “anticipated,” “alternatives,” “look ahead,” or comparable expressions are supposed to determine such forward-looking statements. These forward-looking statements embody statements relating to the acquisition of Lausan by GPC’s subsidiary, AAG, together with these referring to the revenues anticipated to be generated by Lausan and AAG’s means to additional strengthen Lausan’s market place. Ahead-looking statements are based mostly on data at the moment obtainable to GPC and contain estimates, expectations and projections. Traders are cautioned that every one such forward-looking statements are topic to dangers and uncertainties, and necessary components might trigger precise occasions or outcomes to vary materially from these indicated by such forward-looking statements. With respect to the proposed acquisition, these dangers, uncertainties and components embody, however usually are not restricted to: the danger that Lausan is not going to be built-in efficiently; the danger that the fee financial savings, synergies and progress from the acquisition might not be absolutely realized or could take longer to understand than anticipated; the diversion of administration time on transaction-related points; and the danger that prices related to the combination of the enterprise are greater than anticipated.
Further data relating to different dangers and uncertainties that will influence GPC and its operations are additionally contained in GPC’s most up-to-date Annual Report on Type 10-Okay and subsequent Quarterly Reviews on Type 10-Q and Present Reviews on Type 8-Okay filed with the Securities and Trade Fee.
Many of those dangers, uncertainties and assumptions are past GPC’s means to regulate or predict. Due to these dangers, uncertainties and assumptions, precise outcomes could fluctuate materially, and you shouldn’t place undue reliance on these forward-looking statements. Moreover, forward-looking statements converse solely as of the data at the moment obtainable to the events on the date they’re made, and GPC doesn’t undertake any obligation to replace publicly or revise any forward-looking statements to replicate occasions or circumstances that will come up after the date of such communication, besides as required by legislation.
Ahead-looking statements are solely as of the date they’re made, and the Firm undertakes no responsibility to replace any forward-looking statements besides as required by legislation. You might be suggested, nevertheless, to evaluation any additional disclosures we make on associated topics in our subsequent Kinds 10-Okay, 10-Q, 8-Okay and different studies filed with the SEC.
About Real Components Firm
Based in 1928, Real Components Firm is a worldwide service group engaged within the distribution of automotive and industrial alternative elements. The Firm’s Automotive Components Group distributes automotive alternative elements within the U.S., Canada, Mexico, Australasia, France, the U.Okay., Eire, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The Firm’s Industrial Components Group distributes industrial alternative elements within the U.S., Canada, Mexico and Australasia. In whole, the Firm serves its world clients from an in depth community of greater than 10,000 areas in 17 international locations and has roughly 52,000 staff. Additional data is out there at www.genpt.com.
About Alliance Automotive Group
Alliance Automotive Group is a number one distributor of sunshine and business automobile elements to the impartial aftermarket in France, the U.Okay., Eire, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. AAG does enterprise below the Groupauto France, Precisium Group and Pièces Auto in France, Groupauto UK and UAN within the UK, Groupauto Eire in Eire, Alliance Automotive Group Germany in Germany, Groupauto Poland in Poland, Partspoint, Precisium and Winparts in the Netherlands and Belgium and Lausan and Soulima in Spain and Portugal. AAG serves roughly 50,000 garages with over 100,000 totally different elements for restore and upkeep from a community of greater than 700 company-owned shops and greater than 1,700 affiliated shops. Additional data is out there at www.allianceautomotivegroup.eu.
Supply: Real Components Firm
SOURCE Real Components Firm