# LKQ Corporation to acquire 26.5% stake in Mekonomen AB for $180m

LKQ Corporation entered into an agreement to acquire 26.5% of the issued share capital of Mekonomen AB from AxMeko AB for approximately $180 million. The transaction is expected to close on December 2, 2016.

- Type: Acquisition
- Announced: 2016-11-27
- Where: Sweden
- Value: $180.0M
- Status: announced
- Products: automotive aftermarket parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Axel Johnson](https://endata.com/companies/7562.md) (partner)
- [LKQ Corporation](https://endata.com/companies/20355.md) (acquirer)
- [Mekonomen AB](https://endata.com/companies/20356.md) (target)
- [AxMeko AB](https://endata.com/companies/20357.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1065696/000106569616000146/lkq8-k.htm), 2016-12-01: "On November 27, 2016, LKQ Corporation entered into a Share Sale and Purchase Agreement to acquire 26.5% of the issued share capital of Mekonomen AB from AxMeko AB for an aggregate purchase price of approximately $180 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.