This Slide: #21 of 27 |
Slide #21. Genuine Parts Company — Exego Group
Acquirer:
Genuine Parts Company (NYSE:GPC)
Acquiree:
Exego Group
Details:
Genuine Parts Company (NYSE: GPC) announced today that it has entered into a definitive agreement to acquire the remaining 70% stake of Exego Group, headquartered in Melbourne, Australia, for a total purchase price of approximately $800 million (US$), including the assumption of certain debt.
Genuine Parts is a service organization engaged in the distribution of automotive and industrial replacement parts. Co.'s segments are: Automotive Parts Group, which distributes automotive parts, accessories and service items and provides inventory, cataloging, marketing, training and other programs to the automotive aftermarket; and Industrial Parts Group, which includes its subsidiary, Motion Industries, Inc., that distributes industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hose, hydraulic and pneumatic components, industrial and safety supplies and material handling products.
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Buy (2.67 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Analysts' Target Price: GPC Stock Forecast Based on Zacks ABR data; powered by Xignite |