# Alliance Automotive Group to acquire PartsPoint Group

Alliance Automotive Group (AAG), a subsidiary of Genuine Parts Company, has entered into a definitive agreement to acquire PartsPoint Group, a distributor of automotive aftermarket parts in the Netherlands and Belgium. The transaction is expected to close on June 1, 2019.

- Type: Acquisition
- Announced: 2019-03-05
- Where: Ede, Netherlands, Netherlands
- Value: $330.0M
- Status: announced
- Products: automotive aftermarket parts and accessories
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Genuine Parts Co.](https://endata.com/companies/2296.md)
- [Alliance Automotive Group](https://endata.com/companies/27102.md) (acquirer)
- [PartsPoint Group](https://endata.com/companies/37773.md) (target)
- [AutoBinck Group](https://endata.com/companies/37776.md) (partner)

## Sources

- [allianceautomotivegroup.eu](https://allianceautomotivegroup.eu/press-releases/alliance-automotive-group-acquires-partspoint-group/), 2019-03-05: "PartsPoint has a leading market position in the two key European markets of The Netherlands and Belgium markets which are contiguous to our existing operations."
- [genpt.com](https://www.genpt.com/2019-03-05-Genuine-Parts-Company-Announces-Automotive-Acquisition-in-Europe), 2019-03-05: "PartsPoint Group is a leading supplier of automotive parts and accessories in the Benelux marketplace, and we are pleased to expand our European footprint into this region with such an outstanding organization."

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