BPW acquires majority stake in PE Automotive

German axle and suspension specialist BPW has announced it will acquire the majority of shares in PE Automotive, one of Germany’s leading aftermarket suppliers, at the end of the year.

“With this merger, both companies are aiming to pool their expertise in the commercial vehicle aftermarket and … to realise their respective growth targets more quickly,” BPW commented.

“For the BPW Group, this is the next logical step within the scope of its international mobility partnership strategy, which works towards providing vehicle operators with customised and, above all, current-value solutions for their fleets, covering the entire lifetimes of their vehicles.”

BPW explained the move with the increasing age of commercial vehicles in Germany and the resulting need for economically priced spare parts.

“This cooperation means that vehicle operators and especially trade partners will benefit from an even more comprehensive spare parts range from a single supplier. In close coordination, we will integrate customer requirements into workshop-optimised product developments which can help to reduce operating costs further,” commented BPW Managing Partner, Michael Pfeiffer.

The acquisition is still subject to approval by local antitrust authorities.

Image (L-R): Michael Pfeiffer (Managing Partner, BPW), Christian Freitag (Managing Partner, PE Automotive), Jürgen Freitag (Owner, PE Automotive), Uwe Frielingsdorf (Managing Partner, BPW) and Markus Seitz (Managing Partner, PE Automotive).

Leave a Reply

JOIN OUR NEWSLETTER
Close