Bapcor Limited (ASX: BAP) has announced that t it has signed agreement to acquire Truckline & Diesel Drive. Truckline operates twenty-two branches in Australia, providing heavy commercial truck spare parts, whereas, Diesel Drive specialises in the sale of Japanese commercial truck spare parts in Sydney.
- Combined purchase price of is approx. $48 million.
- Acquisition would be funded by existing debt facilities.
- Transactions are expected to be completed by December.
- Acquisition support the company’s continued expansion in Japanese commercial truck business.
By 12:45 PM AEST, BAP was trading at $7.13, down by 0.28% relative to the last close.
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