Bapcor (ASX:BAP) set to purchase Truckline and Diesel Drive

01Nov

Bapcor (ASX:BAP) set to purchase Truckline and Diesel Drive

 

Automotive aftermarket parts company, Bapcor (ASX:BAP), has penned agreements to purchase both Truckline and Diesel Drive.

Truckline is a commercial truck spare parts business with 150 team members; revenues of approximately $100 million and 22 branches Australia wide.

Diesel Drive specialises in the sale of Japanese commercial truck spare parts, has 14 team members and revenues of approximately $13 million.

Both businesses are set to be purchased for a combined price of approximately $48 million and are scheduled for completion this year.

Shares in Bapcor (ASX:BAP) are trading 0.42 per cent higher at $7.18.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

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