Elite Electronics Acquisition

LKQ Corporation Enters New Services Market with Purchase of Elite Electronics

LKQ Corporation announced that it has acquired all assets of Elite Electronics, which specializes in various automotive diagnostic and repair services.

LKQ Corporation announced that it has acquired all assets of Elite Electronics based in Richardson, Texas, which specializes in various automotive diagnostic and repair services. This acquisition launches LKQ into the vehicle services market, converging LKQ’s parts and distribution business with Elite’s services to further facilitate customers’ needs.

Elite Electronics’ technical solutions are both mobile and on-site and are provided to collision and mechanical repair facilities that are facing the rapidly expanding vehicle diagnostics and calibration marketplace. Re-flashing, programming, pre- and post-collision repair diagnostics, ADAS-related calibrations, airbag replacements, theft and vandalism repair, frame replacements and full mechanical services are among the services Elite provides. The service offering assists LKQ’s and Elite’s customers with typically time-consuming and challenging repairs. Allowing Elite Electronics to handle any number of these operations improves cycle times, associated repair expenses and customer experiences. Added to the service offering is the backing of LKQ’s expansive distribution network and inventory strength, along with LKQ’s Promise of Protection – a warranty and indemnification program.

Currently providing services in 13 states, Elite Electronics has significant growth and expansion plans.

“From Elite’s very beginning, we knew great things would evolve,” said Don Smith, founder and former owner of Elite Electronics. “The acquisition by LKQ will advance and accelerate that evolution to provide a superior service solution for the industry.”

Added Terry Fortner, vice president of sales and marketing, North America for LKQ, “We are pleased to welcome Elite Electronics into the LKQ family. LKQ has evaluated numerous options to further assist our loyal customers, and Elite’s services help ease complexity while providing a strong company to address growing automotive technology challenges. We are excited to have Don and his entire team of experts from Elite become a part of LKQ,”

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