LKQ Corporation announced that it has completed its previously announced agreements in principle to acquire five Netherlands companies, all of which were customers and distributors for LKQ’s Netherlands subsidiary, Sator Holding B.V. The companies acquired were Rijsbergen Holding B.V., Pala Holding, B.V., Primaparts Automaterialen B.V., BOAC Automotive B.V. and VEAM B.V.
"These acquisitions further strengthen our distribution network in the Netherlands and demonstrate LKQ’s commitment to our European strategy," said Robert L. Wagman, president and chief executive officer of LKQ Corporation.
Terms of the transactions were not disclosed.
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