Bapcor Announced Agreements to Acquire Truckline & Diesel Drive

  • Nov 01, 2019 AEDT
  • Team Kalkine

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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