LKQ will sell its interests in two Czech wholesale automotive parts distributors to the Swiss Automotive Group (SAG), the company announced Wednesday. Terms of the deal have not been disclosed.

 

The sale of the wholesale business in Czech Republic required a review by the country’s Competition Authority (CCA) before the deal could be finalized. The CCA approved the transaction subject to certain divestiture conditions which prompted LKQ to sell off the entire equity interest of the two businesses. LKQ plans to continue its operations in the Czech Republic as Auto Kelly and ELIT.

 

Chicago-based LKQ remains the European leader in aftermarket parts for cars, commercial vans, and industrial vehicles with operations at 1,100 locations in 21 European countries.

 

SAG group is the market leader in Switzerland and Romania for car and commercial vehicle spare parts with over 800,000 catalogue and 370,000 warehouse items. SAG also has a strong market presence in Belgium, Germany, Italy, Portugal, Slovakia, Slovenia, Spain, and Hungary.

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