One Equity Partners signed a definitive agreement to acquire PGW Auto Glass from a subsidiary of LKQ Corporation. The transaction is expected to close in Q2 2022.
Stahlgruber GmbH, a subsidiary of LKQ Corporation, plans to acquire the operational business of insolvent Karl Rücker Kraftfahrzeugteile GmbH & Co. KG, including three branches in Crailsheim-Roßfeld, Schwäbisch Hall and Eppingen. The acquisition is subject to creditor approval on February 21, 2018, with a planned takeover date of March 1, 2018.
American competitor LKQ acquired the auto parts business of Bavarian automotive supplier Stahlgruber for EUR 1.5 billion. Stahlgruber retains its tire repair division.
Mexico-based glass manufacturer Vitro signed a definitive agreement to acquire the Pittsburgh Glass Works LLC automotive OEM glass business from LKQ Corp. for approximately $310 million. The acquisition includes seven manufacturing plants in the US, one in Poland, and equity in two joint ventures.
Mexico's Vitro has agreed to acquire the automotive OEM glass business of Pittsburgh Glass Works from LKQ Corporation for about $310 million. The transaction is expected to close in Q1 2017.
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.