AMA Group completed the acquisition of SMART and ACM from Suncorp for $300m.

AMA Group, a provider of automotive services, completed the acquisition of a 90% stake in Capital SMART, a automotive repairs provider, and 100% of ACM, a provider of automotive parts, from Suncorp for $300m. "The acquisition of Capital S.M.A.R.T represents a strategically compelling and highly attractive opportunity for our customers and shareholders. We are excited to combine Capital S.M.A.R.T's best-in-class capabilities in low to medium severity panel repairs with AMA's industry leading platform across the smash repair market. The Acquisition further strengthens our long standing close relationship with Suncorp which, in addition to committing to a 25.5 year service agreement with Capital S.M.A.R.T, is joining us as a partner in the business," Andy Hopkins, AMA CEO.