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Announced

Halfords to acquire Axle Group for $83m.

Financials

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Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Pending

Auto Parts

Private

auto care

Single Bidder

Domestic

United Kingdom

Friendly

Synopsis

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Halfords, a retailer of motoring and cycling products and services, agreed to acquire Axle Group, a distributor of tires and auto care to retail consumers, for $83m. “This acquisition helps cement our position as the UK’s largest vehicle service, maintenance and repair business. It will also see us deliver on our established strategy of evolving Halfords to become a motoring services focused business, with motoring revenue set to represent more than 70% of our pro-forma revenue following the acquisition," Graham Stapleton, Halfords CEO.

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