# 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.

- Type: Acquisition
- Announced: 2019-10-01
- Where: Australia
- Value: $300.0M (440.0M AUD)
- Status: announced
- Products: vehicle repairs, automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AMA Group](https://endata.com/companies/19678.md) (acquirer)
- [Capital Smart Repairs Australia](https://endata.com/companies/42454.md) (target)
- [ACM Parts](https://endata.com/companies/42455.md) (target)
- [Suncorp Insurance Ventures](https://endata.com/companies/42456.md) (partner)
- [Suncorp](https://endata.com/companies/43019.md) (partner)
- [Suncorp](https://endata.com/companies/43019.md) (target)

## Sources

- [autobpa.com](https://www.autobpa.com/2019/10/01/australias-ama-group-to-acquire-capital-smart-and-acm-parts-from-suncorp/), 2019-10-01: "The acquisition of Capital S.M.A.R.T represents a strategically compelling and highly attractive opportunity for our customers and shareholders."
- [collisionweek.com](https://collisionweek.com/2019/10/31/ama-group-completes-capital-s-m-r-t-acquisition/), 2019-10-31: "We are pleased with the strong level of support we received in the equity raising"
- [businessnews.com.au](https://www.businessnews.com.au/article/SMART-deal-drives-AMA-Group-to-1b-market-cap), 2019-11-13: "ASX-listed, heavyweight automotive conglomerate, AMA Group, has completed a multi-million dollar, transformational acquisition of Insurance giant, Suncorp’s Capital S.M.A.R.T panel repair business, at an implied enterprise value of $420m."

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