PSA Group completed the acquisition of a majority stake in Amanha Global.

PSA Group, a French multinational manufacturer of automobiles and motorcycles, completed the acquisition of a majority stake in Amanha Global, the owner of e-commerce platform B-Parts. Financial terms were not disclosed. “The acquisition by PSA is a win-win agreement that will allow us to change dimension: for PSA by being the first manufacturer to take a position on a market for used parts and for B-Parts, a unique opportunity to access the network of PSA clients. This agreement promotes the B-Parts model and will allow us to accelerate our development in geographic areas other than the European market. This is our common target for the next few years," Manuel Araújo Monteiro and Luis Sousa Vieira, Amanhã Global Managing Directors.