MEKO completed the acquisition of Elit Polska from LKQ.

MEKO, an automotive spare-parts provider, completed the acquisition of Elit Polska, a distributor of automotive parts, consumables, and workshop equipment, from LKQ, a provider of alternative and speciality parts to repair and accessorize automobiles. Financial terms were not disclosed. "Elit Polska is a strategic, tailor-made addition for MEKO where we now gain broader geographic coverage in one of the EU's largest markets. Together with Elit Polska, we can position ourselves to take advantage of opportunities such as improved purchasing terms and coordination gains within our respective distribution networks. This will benefit our customers, strengthen our growth in Poland, and enhance our financial strength over time," Pehr Oscarson, MEKO President and CEO.