M&A Deal Summary

LKQ Acquires Mekonomen AB

On November 28, 2016, LKQ acquired retailer Mekonomen AB from Axel Johnson International AB

Acquisition Highlights
  • This is LKQ’s 1st transaction in the Retail sector.
  • This is LKQ’s 1st transaction in Sweden.

M&A Deal Summary

Date 2016-11-28
Target Mekonomen AB
Sector Retail
Buyer(s) LKQ
Sellers(s) Axel Johnson International AB
Deal Type Divestiture

Target

Mekonomen AB

Stockholm, Sweden
Mekonomen AB is an independent car parts and service chain retailer in the Nordic region of Europe, offering a wide range of quality products including spare parts and accessories for cars, and workshop services for consumers and businesses.

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Buyer(S) 1

Buyer

LKQ

Antioch, Tennessee, United States

Category Company
Founded 1998
Sector Automotive
Employees47,000
Revenue 14.4B USD (2024)
DESCRIPTION

LKQ is a provider of alternative collision replacement parts and also a provider of recycled engines and transmissions and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ was founded in 1998 and is based in Antioch, Tennessee.


DEAL STATS #
Overall 40 of 45
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 4 of 5
Country: Sweden M&A 1 of 1
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Arleigh International

Nuneaton, United Kingdom

Arleigh International Ltd. are specialist leisure wholesalers in the UK trading through three divisions supplying equipment and spares into the holiday home (Arleigh), motorhome (Nova Leisure) and inland waterways (Midland Chandlers) markets. From their purpose built 60,000 sq ft premises in Nuneaton, Warwickshire, they supply over 13,000 SKUs on a next day basis to over 4,000 trade accounts

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 LKQ - OEM Glass Manufacturing Business

Chicago, Illinois, United States

LKQ Corp. - OEM Glass Manufacturing Business is a manufacturer of glass.

Sell $310M

Seller(S) 1

SELLER

Axel Johnson International AB

Stockholm, Sweden

Category Company
Founded 1981
Sector Distribution
DESCRIPTION

Axel Johnson International AB is a distributor of steel wires, pumps, bearings, heavy duty vehicle components.


DEAL STATS #
Overall 6 of 7
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 5 of 6
Country: Sweden M&A 5 of 6
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Trailereffekter AB

Hassleholm, Sweden

Trailereffekter AB is a distributor of automotive parts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-21 Brown Brothers/Kelair

Dandenong, Australia

Brown Brothers/Kelair is a distributor of positive displacement and centrifugal pumps in Australia and New Zealand.

Buy -