Genuine Parts Company Completes Automotive Acquisition In Germany
9 January 2019
Genuine Parts Company announced today that Alliance Automotive Group (AAG), the Company's wholly-owned automotive distribution company based in London, U.K., has completed the acquisition of German Hennig Fahrzeugteile Group, effective today.
Hennig Fahrzeugteile Group, headquartered in Essen, North Rhine-Westphalia, is one of Germany's leading suppliers of vehicle parts. Hennig Fahrzeugteile has 31 branches across Germany and serves more than 9,000 customers, predominantly independent workshops and retailers. The Company expects the acquired business to generate annual revenues of approximately $190 million (US$).
Paul Donahue, Chief Executive Officer of Genuine Parts Company, stated, "The addition of Hennig Fahrzeugteile Group, a premier supplier of vehicle parts, serves to further expand our presence and scale in the German marketplace. We are pleased to welcome the Hennig Fahrzeugteile team into the AAG and GPC family."