Alliance Automotive Group to acquire Hennig Fahrzeugteile Group

Alliance Automotive Group, a wholly-owned subsidiary of Genuine Parts Company, has entered into a definitive agreement to acquire Hennig Fahrzeugteile Group, a German supplier of light and commercial vehicle parts with 31 branches. The transaction is expected to close by August 1, 2018, and the acquired business is expected to generate annual revenues of approximately $190 million.

“Alliance Automotive Group (AAG), the Company’s wholly-owned automotive distribution company based in London, U.K., has entered into a definitive agreement to acquire Hennig Fahrzeugteile Group.”sec.gov

• 2 sources
• sec.govEX-99.1Jun 7, 2018
• prnewswire.comGenuine Parts Company Announces Automotive Acquisition in GermanyGenuine Parts CompanyJun 7, 2018

Summarized from public sources; check the original articles before acting on it.