26 Oct 2020
Category: AAG - Press Releases, Press Releases
Madrid, October 26, 2020 | The European multinational distributor of automotive parts Alliance Automotive Group (AAG) has acquired a shareholding in Groupauto Unión Ibérica (GAUIb).
The European distribution company AAG, a subsidiary of Genuine Parts Company (GPC), a leading global distributor of spare parts and services in the automotive aftermarket, confirms its interest in the business opportunities that exist in Spain, one of the five largest markets in Europe.
AAG’s agreement with GAUIb stems from a shared vision of the future opportunities and competitive dynamics in the automotive aftermarket. Among them, the fragmentation of both repair work and parts distribution markets has entered a period of consolidation that will reduce the number of players. It also responds to the shared aim of generating competitive, differentiated and sustainable advantages, collaborating in areas of mutual interest, in order to decisively contribute to GAUIb members’ and their clients’ success.
In the words of Juan Carlos Pérez Castellanos, general director of GAUIb “Parts dealers have tremendous opportunities, but also face a variety of challenges that require a very clear strategic vision of what the trends are, undoubtedly accelerated by the COVID-19 pandemic, and how they are going to impact the aftermarket. More importantly, what are the changes and adjustments that need to be made throughout the value chain? The incorporation of Alliance Automotive Group into Group Auto Unión Ibérica will contribute to orient, evolve and successfully align the business model and the value proposition of our members and their clients to the future demands of the aftermarket”.
Franck Baduel, COO of AAG said: “We are delighted with this agreement signed with Groupauto Unión Ibérica. This partnership opens up many new horizons in the development of our two groups. We are particularly pleased with the partnership finalized with the shareholders of GAUIb and the talented management team led by Juan-Carlos Pérez Castellanos.”
Groupauto Unión Ibérica is a leading group in the distribution of products and services for the automotive aftermarket in Spain and Portugal, both for passenger cars and commercial vehicles. Founded in 1989, it is a founder member of Groupauto International and currently has 25 members. It deploys a wide variety of programs and solutions aimed at responding to the current and future needs of multi-brand garage workshops.
Alliance Automotive Group is a leading distributor of light and commercial vehicle parts to the independent aftermarket in France, Germany, the U.K., Poland, the Netherlands and Belgium 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, Groupauto Poland in Poland and Brezan, Staadegaard-TC and Dabeko in the Netherlands and Belgium. AAG serves approximately 40,000 garages with over 100,000 different parts for repair and maintenance from a network of more than 650 company owned stores and approximately 2,350 affiliated outlets. Further information is available at www.allianceautomotivegroup.eu.
For further information please contact:
MP3 Automoción – Media Mobility
Raúl González | Jesús L. Felpeto
✆ +34 91 433 68 44 – +34 619 86 42 59
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