Motus acquires Motor Parts Direct (UK)
Acquisition aligned to Aftermarket Parts growth strategy
Motus Holdings Ltd (Motus), South Africa’s leading automotive group, has acquired 100% of Motor Parts Direct (Holdings) Limited (Motor Parts Direct), a business-to-business parts distribution business based in the UK, for R3,64 billion.
The acquisition, funded using available cash and banking facilities, is aligned to Motus’ international growth strategy for its Aftermarket Parts business, will further strengthen its integrated business model and reduce the group’s dependency on vehicle sales. The acquisition was effective from 3 October 2022.
Commenting on the acquisition, Motus CEO, Osman Arbee, said: “Motus remains focused on deepening its competitiveness and relevance across the full automotive value chain. The acquired business is cash generative and asset light. It will provide economies of scale, procurement benefits and synergies. Key management have been secured and are committed to continue managing the business.”
Through a network of 175 branches, Motor Parts Direct supplies motor vehicle parts primarily to the passenger and light commercial vehicle sector as well as to workshops in and around the UK and Wales. Motor Parts Direct has a customer base in excess of 1 4000 customers and employs approximately 1 700 employees.
