Consolidation in parts distribution continues: The Alliance Automotive Group (AAG) is to buy all the business divisions of Hennig Fahrzeugteile GmbH. The group, based in Essen, has 31 branches.
The transaction is still awaiting approval from the competition authorities, states AAG in their press release. Hennig Fahrzeugteile supplies over 9,000 customers with components for cars and commercial vehicles, predominantly to retail and independent repairers. The group’s annual turnover is over 160 million Euros.
“I am pleased that Hennig Fahrzeugteile has found a new home with the Alliance Automotive Group. Both our customers and staff will benefit from the experience and international networking within the AAG”, states Uwe Hennig who, with Stephan Klatt, will continue to manage the business of Hennig Fahrzeugteile. Christina Hennig, the third generation in the family business, added: “This merger offers an excellent perspective for our businesses.”
“We are happy to be able to welcome the Hennig Fahrzeugteile Group into the AAG organisation. With this acquisition we are starting our expansion into Germany and now have an additional competitive logistics network to supply our customers”, stated Jean-Jaques Lafont, CEO of AAG.
With a 2017 turnover of two thousand million Euro, AAG is one of the largest trade groups for car and commercial replacement parts in the independent aftermarket. Trading under the names Groupauto France, Precisiuim, Partners and Gef’Auto in France, Groupauto UK, UAN and FPS in Great Britain as well as Coler GmbH & Co KG, Bush Handelsgesellschaft mbH and Büge GmbH in Germany, AAG supplies around 1,500 regional parts distributors as well as over 26,000 workshops with over 100,000 different repair components. The business, which is headquartered in London, belongs to the US-american business Genuine Parts Company.