US-based automotive parts distributor the Genuine Parts Company has acquired German parts supplier the Hennig Fahrzeugteile Group.
The transaction was conducted through Genuine Parts’ wholly-owned subsidiary the Alliance Automotive Group, based in London.
Hennig Fahrzeugteile, which has its headquarters in Essen, North Rhine-Westphalia, has 31 branches across Germany and serves more than 9,000 customers, chiefly independent workshops and retailers.
Genuine Parts’ CEO Paul Donahue said the acquisition would expand its presence and scale in the German marketplace. The company expects to generate annual revenues of around $190m from Hennig Fahrzeugteile.
Atlanta-based Genuine Parts Company distributes automotive aftermarket parts in the US, Canada, Mexico, Australasia and, through Alliance Automotive, France, the UK, Germany and Poland.
Genuine Parts acquired the Alliance Automotive Group in 2017.
