precisium acquired by alliance group
Transcription
precisium acquired by alliance group
PRESS RELEASE April 2013 PRECISIUM ACQUIRED BY ALLIANCE GROUP International Automotive Aftermarket Group Expansion The Alliance Group, a leader in the wholesale distribution of automotive and truck parts in the UK and France, has announced that it has acquired a majority stake in Precisium Group, the third largest automotive parts trading group in France. With this acquisition, the Alliance Group becomes the market leader in both the UK and French markets operating under the network names of GROUPAUTO UK, GROUPAUTO France, Partners, Gef’Auto and now, Precisium. The members of these networks have a combined sell-out value of €2.3 billion from 1,300 points of sale and the acquisition increases the consolidated turnover of the Alliance Group as a whole to around €1.2 billion. The president of Alliance Group, Jean-Jacques Lafont said: “We are delighted to welcome Precisium into our Group. This acquisition consolidates our position in our two existing country markets and provides a solid platform to fulfill our ambition of becoming a European leader. “Our industry will continue its process of consolidation and we intend to be at the forefront of this dynamic. This is vital as we look to ensure our network members and their customers have access to competitive terms and a superior level of support services.”