AMA Group to acquire Capital SMART and ACM Parts from Suncorp

AMA Group Limited entered a binding agreement to acquire 90% of Capital Smart Repairs Australia Pty Ltd (implied enterprise value $420 million) and 100% of ACM Parts Pty Ltd for $20 million from Suncorp Insurance Ventures Pty Ltd.

“The acquisition of Capital S.M.A.R.T represents a strategically compelling and highly attractive opportunity for our customers and shareholders.”autobpa.com

• 3 sources
• autobpa.comAustralia’s AMA Group to Acquire Capital SMART and ACM Parts from Suncorp – Automotive Body Parts Association (ABPA)ABPAOct 1, 2019
• collisionweek.comAMA Group Completes Capital S.M.A.R.T Acquisition - CollisionWeekCollisionWeek EditorOct 31, 2019
• businessnews.com.auS.M.A.R.T deal drives AMA Group to $1b market capMatt BirneyNov 13, 2019

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