Connect with us

Business

Genuine Parts Co. Completes Automotive Acquisition in Germany

Hennig Fahrzeugteile Group, headquartered in Essen, North Rhine-Westphalia, is one of Germany’s leading suppliers of vehicle parts.

Advertisement

Advertisement
Click Here to Read More
Advertisement

Genuine Parts Co. announced that Alliance Automotive Group (AAG), the company’s wholly owned automotive distribution company based in London, has completed the acquisition of German Hennig Fahrzeugteile Group, effective Jan. 9.

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. Genuine Parts Co. expects the acquired business to generate annual revenues of approximately $190 million.

Paul Donahue, CEO of Genuine Parts Co., 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.”

Advertisement
Click to comment

Loading Post...

Loading Post...

Loading Post...

Advertisement

POPULAR POSTS

Education

Engine Sensors Keep Things In Check

Uncategorized

Man Charged With Mail Fraud In Apparent Auto Parts Scam

Uncategorized

An Interview With NAPA’s Russell Paroff, The 2014 Counter Professional Of The Year, Sponsored By WIX Filters

WIX Filters Launches Proactive Molecular Hydraulic Oil Water Absorber

Connect