Advised on Sale of CompanyAutomotive
Acquired 100% of Business Operations
Rhiag S.p.A., part of LKQ Corporation acquired Sim Impex d.o.o. In almost 20 years of operating on the market, SiM Impex has established itself among leading wholesalers and retailers of automotive spare parts and equipment for passengers and light commercial vehicles in Bosnia and Herzegovina.
The company’s current product range consists of more than 50,000 items supplied primarily by leading European producers of car parts, such as Bosch, TMD Friction (Textar), Sachs, Valeo, SNR, Gates, etc., and its product portfolio services more than 40 brands and types of European and Asian cars in the country. The company’s distribution is done through wholesale, retail, and web-based orders. In the recent years, the company’s growth has been coming from the development of the retail network, which has enabled the company to access customers directly. Additionally, the company is a member of GROUPAUTO International, a global automotive aftermarket partnership.
- Strong brand that stands for quality and reliability in the marketplace.
- Retail network of 19 outlets that provides a strong countrywide presence.
- The current setup of the distribution system that guarantees deliveries within 24 hours to any location in the country.
Rhiag S.p.A., a member of LKQ Corporation (Nasdaq: LKQ) based in Italy, is a leading European distributor of aftermarket spare parts for passenger cars and commercial vehicles in the independent aftermarket segment (‘‘IAM’’). With operations in Italy, the Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain, the company serves more than 100,000 professional clients through 252 distribution centers and 10 warehouses.
LKQ Corporation (Nasdaq: LKQ) has operations in North America, Europe and Taiwan. In 2016, the corporation generated revenue in the amount of € 7.3 billion. LKQ Corporation achieved its size through a long-lasting process of internal development and over 235 acquisitions of specialty aftermarket equipment and accessories suppliers.
IMAP was the exclusive advisor to the owner of SiM impex in the sale of a 100.00% share in the Company. With the acquisition of SiM impex, Rhiag S.p.A., a European member of LKQ Corporation, has ensured a market entry to Bosnia and Herzegovina as one of the first international players.