Mobivia Groupe and Renault completed the acquisition of a majority stake in Exadis.

Mobivia Groupe and Renault completed the acquisition of a majority stake in Exadis, a France-based company engaged in the distribution of automotive spare parts. Financial terms were not disclosed. "The project provides for Exadis to autonomously pursue and develop its activity as a distributor-stockist of multi-brand automotive parts, based on a management system centralized and a wide range of spare parts and services available within a network of nine distribution logistics platforms covering the entire country French," Mobivia.