LKQ Corporation to acquire equity interest in Mekonomen Group
LKQ Corporation (NASDAQ: LKQ), a leading provider of substitute and specialty parts to repair and accessorize automobiles announced it will acquire 26.5% equity interest in Mekonomen AB (STO: MEKO) from Axel Johnson AB (“AXJ”) – a Swedish investment company. Mekonomen Group is a leading car parts and service chain in the Nordic region with over 342 stores and 2,126 affiliated workshops under the Group brands. LKQ intends to nominate two representatives to Mekonomen AB’s board of directors in place of AXJ’s representatives, once the transaction is completed. The transaction is projected to close early December 2016, with the terms of the deal not being disclosed at this time.
Read the full press release at http://www.lkqcorp.com/en-us/
Below are highlights of additonal Merger and Acquisition activity from the last week:
Electrical Components & Equipment M&A News: Generac to Acquire Motortech.
Read more at http://www.generac.com
Application Software M&A News: BidEnergy Acquires RealWinWin.
Read more at http://bidenergy.com
Biotechnology M&A News: KalVista Pharmaceuticals Announces Closing of Merger with Carbylan Therapeutics.
Read more at http://www.kalvista.com
Packaged Foods & Meats M&A News: Smithfield Foods to Acquire Farmer John.
Read more at http://www.smithfieldfoods.com
