Genuine Parts Company (NYSE: GPC) says that Alliance Automotive Group, the company’s wholly-owned automotive distribution company based in London, acquired Lausan, a leading distributor of automotive aftermarket parts in Spain and Portugal.
GPC expects Lausan to generate annual revenue of approximately €115 million ($125 million USD).
“We are pleased to expand our European automotive footprint with the addition of Lausan,” said Paul Donahue, chairman and CEO of GPC. “With our entry into Spain and Portugal, we expect to further strengthen Lausan’s market-leading position by capitalizing on our European scale and purchasing expertise, as well as leveraging the roll-out of our NAPA brand across this region. We welcome the Lausan team to the GPC and AAG family and are excited to work together to maximize the growth opportunities in our European business.”
AAG now operates in nine European countries: France, the U.K., Ireland, Germany, the Netherlands, Belgium, Poland, Spain and Portugal.
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