Motus Holdings to acquire Motor Parts Direct for £190m.

Motus Holdings, a non-manufacturing service provider in the automotive sector, agreed to acquire Motor Parts Direct, a manufacturer and distributor of automobile parts, for £190m. The acquisition is aligned to Motus’ international growth strategy for the aftermarket parts business and will reduce the group’s dependency on vehicle sales. The transaction will provide economies of scale, group procurement benefits and synergies. The business is cash generative and asset light.