Jump to content

Recommended Posts

Posted

GPC's Alliance Automotive Group Enters Definitive Agreement to Acquire German Hennig Fahrzeugteile Group

Jun 7, 2018

ATLANTA, June 7, 2018 /

link hidden, please login to view
/ -- Genuine Parts Company (NYSE: GPC) announced today an acquisition for its European Automotive business.

GPC Logo. (PRNewsFoto/Genuine Parts Company)

Alliance Automotive Group (AAG), the Company's wholly-owned automotive distribution company based in London, U.K., has entered into a definitive agreement to acquire Hennig Fahrzeugteile Group. The transaction is expected to close by August 1, 2018, and is contingent upon satisfaction of customary closing conditions and receipt of applicable regulatory approvals. 

Hennig Fahrzeugteile Group, headquartered in Essen, North Rhine-Westphalia, is one of Germany'sleading suppliers of light and commercial vehicle parts. Hennig Fahrzeugteile has 31 branches across Germany and serves more than 9,000 customers, predominantly independent workshops and retailers. The Company expects the acquired business to generate annual revenues of approximately $190 million (US$).

Paul Donahue, Chief Executive Officer of Genuine Parts Company, stated, "Hennig Fahrzeugteile Group is a premier supplier of vehicle parts in the German marketplace, and the addition of this business serves to further expand our presence and scale in Europe as we build on our global growth strategy.  We are pleased to welcome the Hennig Fahrzeugteile team into the AAG and GPC family and expect the combination of our organizations to be a great fit, both financially and strategically.  We look forward to the many contributions the Hennig Fahrzeugteile team will make in the years ahead."

Jean-Jacques Lafont, Chief Executive Officer of Alliance Automotive Group added, "We look forward to welcoming Hennig Fahrzeugteile Group to the AAG organization. With this acquisition we continue our expansion in Germany and add another competitive network to serve our customers."

Forward Looking Statements

Some statements in this report, as well as in other materials we file with the Securities and Exchange Commission (SEC) or otherwise release to the public and in materials that we make available on our website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Senior officers may also make verbal statements to analysts, investors, the media and others that are forward-looking. Forward-looking statements may relate, for example, to the proposed business combination transaction between the Company and Essendant, Inc. ("Essendant") in which the Company will spin-off its Business Products Group and combine this business with Essendant or the acquisition of Alliance Automotive Group (AAG) and the anticipated strategic benefits, synergies and other attributes of these transactions, as well as future operations, prospects, strategies, financial condition, economic performance (including growth and earnings), industry conditions and demand for our products and services. The Company cautions that its forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information, you are cautioned not to place undue reliance on our forward-looking statements. Actual results or events may differ materially from those indicated as a result of various important factors. Such factors may include, among other things, the Company's ability to successfully integrate AAG into the Company and to realize the anticipated synergies and benefits; changes in the European aftermarket; the Company's ability to complete the transaction to spin-off its Business Products Group; the Company's ability to successfully implement its business initiatives in each of its three business segments; slowing demand for the Company's products; changes in legislation or government regulations or policies; changes in general economic conditions, including unemployment, inflation or deflation; changes in tax policies; volatile exchange rates; high energy costs; uncertain credit markets and other macro-economic conditions; competitive product, service and pricing pressures; the ability to maintain favorable vendor arrangements and relationships; disruptions in our vendors' operations; the Company's ability to successfully integrate its acquired businesses; the uncertainties and costs of litigation; disruptions caused by a failure or breach of the Company's information systems, as well as other risks and uncertainties discussed in the Company's Annual Report on Form 10-K for 2017 and from time to time in the Company's subsequent filings with the SEC.

Forward-looking statements are only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements except as required by law.  You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K and other reports to the SEC.

About Genuine Parts Company

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland.  The Company also distributes industrial replacement parts and electrical and electronic materials in the U.S., Canada and Mexico through its Industrial Products Group.  S.P. Richards Company, the Business Products Group, distributes a variety of business products in the U.S. and Canada. Genuine Parts Company had 2017 revenues of $16.3 billion. Further information is available at 

link hidden, please login to view
.

About Alliance Automotive Group

Alliance Automotive Group is a leading distributor of light and commercial vehicle parts to the independent aftermarket in France, Germany, the U.K., and Poland, doing business under the Groupauto France, Précisium, Partners and Gef'Auto brands in France, Groupauto UK, UAN and FPS in the UK, Alliance Automotive Group Germany in Germany and Groupauto Poland in Poland.  AAG serves approximately 40,000 garages with over 100,000 different parts for repair and maintenance from a network of more than 300 company-owned stores and approximately 1,800 affiliated outlets.  Further information is available at 

link hidden, please login to view
.

SOURCE Genuine Parts Company

For further information: Carol B. Yancey, Executive Vice President and CFO - (678) 934-5044; Sidney G. Jones, Senior Vice President - Investor Relations - (678) 934-5628

link hidden, please login to view

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Topics

    • By USPartsinc
      When your vehicle needs a replacement part, it's tempting to choose the cheapest option available. While low-cost parts may seem like a good deal, they often wear out faster, reduce performance, and can even damage other components. Investing in quality auto parts is one of the smartest ways to reduce long-term ownership costs.
      Lower Repair Costs
      Cheap or poorly manufactured parts may fail prematurely, leading to repeated repairs and additional labor costs. Quality replacement parts are built to last, helping you avoid frequent replacements.
      Better Vehicle Performance
      Reliable auto parts are designed to work correctly with your vehicle, ensuring smoother operation, improved fuel efficiency, and consistent performance.
      Improved Safety
      Critical components such as brakes, suspension, steering, and lighting systems directly affect your safety. Using dependable replacement parts helps keep your vehicle operating safely in all driving conditions.
      Protect Your Vehicle's Value
      A well-maintained vehicle with quality replacement parts retains its value better than one repaired with inferior components. This can make a significant difference when it's time to sell or trade in your vehicle.
      Buy From a Trusted Auto Parts Supplier
      Choosing the right supplier is just as important as choosing the right part. At US Parts Inc, we provide a wide selection of OEM and premium replacement auto parts for domestic and imported vehicles. Whether you're looking for brake parts, suspension components, engine parts, electrical components, cooling system parts, filters, sensors, or steering parts, we're committed to delivering quality, value, and dependable service.
      Why Choose US Parts Inc?
      Large inventory of OEM & replacement auto parts Competitive pricing Fast nationwide shipping Expert customer support Parts for most makes and models Final Thoughts
      Quality auto parts aren't just an expense—they're an investment in your vehicle's reliability, safety, and performance. Choosing the right parts today can help you avoid expensive repairs tomorrow.
      Visit link hidden, please login to view to find reliable auto parts at competitive prices.

    • By APF
      The automotive aftermarket industry could be on the verge of one of its biggest shakeups in years.
      According to a Bloomberg report, O'Reilly Automotive has submitted a cash offer for the automotive parts division of Genuine Parts Company, a business that analysts believe could be valued at more than $10 billion. While neither company has confirmed the negotiations, the report suggests a decision on the future of the business could come before the end of the summer. Genuine Parts could ultimately sell the division, pursue a spinoff, or retain the business if it determines that is the better long-term strategy.
      For the automotive aftermarket, the implications could be significant. Genuine Parts is best known as the parent company of NAPA Auto Parts, one of North America's largest distributors of replacement parts for professional repair facilities, fleets, and do-it-yourself customers. Combining that network with O'Reilly's extensive retail and commercial operations would create an even larger player in an already competitive industry.
      A transaction of this size could influence everything from supplier relationships and distribution networks to pricing, inventory availability, and competition with other major retailers such as AutoZone and Advance Auto Parts. Independent repair shops may also be watching closely to see whether any ownership changes affect commercial programs, delivery networks, or parts availability.
      At this stage, the report remains based on anonymous sources familiar with the discussions, and there is no guarantee a deal will ultimately be completed. Additional bidders could emerge, or Genuine Parts could decide to pursue a different strategic direction.
      What do you think?
      Should O'Reilly acquire Genuine Parts' automotive business? Would this strengthen competition or reduce consumer choice? How could this affect NAPA stores, independent repair shops, and DIY enthusiasts? If you're in the automotive industry, what impact would you expect on pricing and parts availability? Join the discussion below and share your thoughts on what could become one of the largest automotive aftermarket deals in recent history.
    • By USPartsinc
      OEM vs Aftermarket ECM: Which Engine Control Module Is the Better Choice?
      The Engine Control Module (ECM) is the electronic brain of your vehicle, controlling everything from fuel injection and ignition timing to emissions and engine performance. When an ECM fails, choosing the right replacement becomes one of the most important decisions for maintaining your vehicle's reliability.
      Many drivers find themselves deciding between an OEM ECM and an aftermarket ECM. While both serve the same essential purpose, they differ in manufacturing standards, pricing, compatibility, and overall value.
      This guide from US Parts Inc. explains the key differences to help you select the best option for your vehicle and budget.
      What Is an OEM ECM?
      An Original Equipment Manufacturer (OEM) ECM is built by the same manufacturer that supplied the module for your vehicle when it was first assembled. These units are engineered to match factory specifications and deliver the same performance as the original component.
      Advantages of OEM ECMs
      Factory-level compatibility Precise calibration for your vehicle High manufacturing standards Consistent engine performance Ideal for vehicles under warranty Potential Drawbacks
      Higher purchase price Limited availability for older vehicle models Dealer programming may be required What Is an Aftermarket ECM?
      An aftermarket ECM is produced by a third-party manufacturer and designed to replace the original module. Many modern aftermarket units are thoroughly tested, pre-programmed, and built to meet or exceed OEM performance standards.
      Quality aftermarket ECMs have become increasingly popular because they combine affordability with dependable operation.
      Benefits of Aftermarket ECMs
      Lower replacement cost Broad compatibility across multiple vehicle models Faster availability Many units arrive pre-programmed for installation Excellent option for discontinued OEM parts Things to Consider
      Not every aftermarket manufacturer follows the same quality standards. Choosing a trusted supplier is essential for ensuring long-term reliability.

      Which ECM Offers Better Performance?
      For most daily drivers, a high-quality aftermarket ECM provides performance that is nearly identical to an OEM unit. The biggest factor is purchasing from a reputable supplier that performs comprehensive testing and programming before shipping.
      OEM ECMs remain the preferred choice for vehicles requiring strict factory specifications, while premium aftermarket modules provide exceptional value for many repair situations.
      Factors to Consider Before Buying an ECM
      Before purchasing a replacement Engine Control Module, verify the following information:
      Vehicle Identification Number (VIN) Year, make, and model Engine size Transmission type Part number Emissions configuration Accurate vehicle information helps prevent compatibility issues and ensures smooth installation.
      Common Signs Your ECM Needs Replacement
      A failing ECM can affect nearly every aspect of engine operation. Common warning signs include:
      Persistent Check Engine Light Engine misfires Hard starting or no-start condition Reduced fuel economy Poor acceleration Irregular shifting in automatic transmissions Unexpected engine stalling If these symptoms continue after other repairs, the Engine Control Module should be professionally diagnosed.
      Are Aftermarket ECMs Reliable?
      Modern aftermarket ECMs have advanced significantly in design and quality control. Reputable suppliers test each module for functionality, durability, and compatibility before delivery.
      Many replacement units undergo extensive electronic inspections to ensure dependable communication with your vehicle's sensors and onboard systems.
      Choosing a trusted supplier is far more important than simply selecting OEM or aftermarket.
      How to Choose the Right Replacement ECM
      The best ECM depends on your specific needs.
      Choose an OEM ECM if you:
      Want the original factory component Own a newer vehicle under warranty Prefer manufacturer-approved replacement parts Choose an aftermarket ECM if you:
      Want to reduce repair costs Need a replacement for an older vehicle Prefer faster availability Are looking for a dependable pre-programmed solution Final Thoughts
      When comparing OEM vs aftermarket ECM, there is no one-size-fits-all answer. OEM modules deliver factory-original precision, while high-quality aftermarket ECMs offer excellent reliability, affordability, and convenience for many vehicle owners.
      At US Parts Inc., selecting the right Engine Control Module starts with matching the correct specifications for your vehicle. Whether you're replacing a failed ECM or restoring engine performance, understanding the differences between OEM and aftermarket options helps you make a confident, informed decision.
    • By Clifford Auto Parts
      Learn everything about Plug and Play ECM systems, including how they work, installation process, benefits, and compatibility tips. Get expert auto parts insights from Clifford Auto Parts.

      Plug and Play ECM Guide: Everything You Need to Know
      Modern vehicles rely heavily on electronic systems, and at the heart of engine management is the ECM (Engine Control Module). A Plug and Play ECM is designed to simplify replacement or upgrade without the need for complex programming or dealership-level tools.
      At Clifford Auto Parts, drivers and mechanics can find reliable ECM solutions that make installation faster, safer, and more accessible.
      What is a Plug and Play ECM?
      A Plug and Play ECM is a pre-programmed engine control module that is ready to install right out of the box. Unlike traditional ECM units, it does not require advanced coding or reprogramming.
      It is designed to:
      Match your vehicle’s VIN and specifications Work immediately after installation Reduce dependency on dealership programming tools How Plug and Play ECM Works
      The ECM communicates with your vehicle’s engine sensors to manage critical functions such as:
      Fuel injection timing Air-to-fuel ratio Ignition timing Emission controls With a Plug and Play unit, all necessary software is already configured, allowing the system to integrate instantly once connected.
      Benefits of Plug and Play ECM
      1. Easy Installation
      No specialized programming tools required. Simply replace the old unit and connect the new ECM.
      2. Time Saving
      Reduces workshop time significantly compared to traditional ECM replacements.
      3. Cost Effective
      Avoid expensive dealership programming fees.
      4. Reliable Performance
      Pre-tested configurations ensure stable engine performance.
      5. Ideal for DIY Mechanics
      Perfect for experienced car enthusiasts who prefer self-installation.
      Installation Overview
      While exact steps vary by vehicle model, the general process includes:
      Disconnect the battery Locate the existing ECM (usually near the engine bay or dashboard) Remove wiring harness carefully Install the Plug and Play ECM Reconnect battery and start the vehicle Perform a quick system check ⚠️ Always ensure compatibility before installation to avoid system errors.
      Compatibility Considerations
      Before purchasing a Plug and Play ECM, make sure:
      It matches your vehicle make and model Engine type and transmission are supported VIN matching is correctly configured No additional immobilizer programming is required Common Signs You Need a New ECM
      You may need a replacement ECM if you notice:
      Engine misfires or stalling Poor fuel efficiency Check engine light stays on Difficulty starting the vehicle Random electrical issues Final Thoughts
      A Plug and Play ECM is one of the most convenient solutions for modern vehicle repair and upgrades. It reduces complexity while improving reliability and performance. For quality ECM units and expert automotive support, Clifford Auto Parts provides dependable options for both mechanics and everyday drivers.

    • Government UFO Files
    • By USPartsinc
      Artificial Intelligence (AI) is no longer just a technology buzzword—it's becoming a practical tool that is changing the way auto parts distributors, wholesalers, and retailers operate. From inventory management to parts identification, AI is helping businesses improve efficiency, reduce costs, and deliver better customer experiences.
      As the automotive aftermarket becomes more competitive, companies that embrace AI-driven solutions may gain a significant advantage.
      Smarter Inventory Management
      One of the biggest challenges in the auto parts industry has always been inventory control. Stock too much, and valuable capital gets tied up in slow-moving products. Stock too little, and customers may face delays.
      AI-powered forecasting tools can analyze historical sales data, seasonal trends, vehicle population statistics, and purchasing patterns to predict future demand more accurately. This allows distributors to maintain optimal inventory levels while reducing overstock and stockouts.
      The result is better product availability and improved operational efficiency.
      Faster and More Accurate Parts Identification
      Finding the correct part for a specific vehicle can sometimes be complicated, especially with multiple trim levels, engine configurations, and model variations.
      AI is helping simplify this process by improving catalog accuracy and fitment matching. Advanced systems can quickly analyze vehicle information and recommend the correct components, reducing errors and minimizing costly returns.
      For customers and repair shops, accurate part identification means less downtime and greater confidence in every purchase.
      Improving Customer Service
      Customer expectations continue to rise. Whether ordering online or through a sales representative, buyers expect quick responses and accurate information.
      AI-powered chat systems and support tools can assist customers by answering common questions, checking inventory availability, tracking orders, and helping identify compatible parts. This allows customer service teams to focus on more complex inquiries while improving response times.
      In a fast-paced market, speed and accuracy often make the difference between winning and losing a customer.
      Optimizing Supply Chain Operations
      Supply chain disruptions have challenged the automotive aftermarket in recent years. AI helps businesses respond more effectively by monitoring purchasing patterns, supplier performance, shipping times, and market conditions.
      With better visibility into the supply chain, distributors can make informed purchasing decisions and identify potential shortages before they impact customers.
      This proactive approach helps create a more resilient and reliable distribution network.
      The Future of AI in the Aftermarket
      As AI technology continues to evolve, its role in auto parts distribution will likely expand. We can expect more advanced demand forecasting, automated warehouse operations, predictive maintenance insights, and enhanced e-commerce experiences.
      While AI will not replace industry expertise, it can serve as a powerful tool that helps businesses make smarter decisions and operate more efficiently.
      Final Thoughts
      Artificial Intelligence is rapidly becoming an important part of the automotive aftermarket. From inventory forecasting and parts matching to customer support and supply chain optimization, AI is helping distributors adapt to a more complex and competitive market.
      Companies that successfully combine industry knowledge with modern technology will be better positioned to meet customer expectations and drive long-term growth in the years ahead.
      How is AI impacting your business? Have you started using AI tools for inventory management, cataloging, customer service, or forecasting? Share your experience with the community.
         

×
  • Create New...