Gilde Buy Out Partners, a private equity investor, completed the acquisition of Gundlach Automotive, a distributor of tires, rims, completely fitted wheels and related services to car dealerships and wholesalers, from Pon Holdings, a Dutch conglomerate in the transport sector. Financial terms were not disclosed. “We thank Pon for the fruitful cooperation under their period of ownership and we are proud of the over 650 employees to be part of our Group and with whom we look forward to jointly enter a new chapter in our success story. With Gilde we found a strong partner to continue and accelerate our growth strategy to become the leading player in the tire and wheel distribution market,” Gebhard Jansen, GAC CEO.