LEADING EUROPEAN AUTOMOTIVE PARTS RETAILERS ATP AND SAG JOIN FORCES
Pressath (Germany) / Cham (Switzerland), 23 December 2019. The German automotive parts online retailer Autoteile Pöllath (ATP) and the Swiss Automotive Group (SAG) have decided to join forces under the leadership of SAG, in particular in the areas of purchasing and E-Commerce.
The well-established business model of ATP and its locations in Pressath (warehouse and distribution) and Kirchenthumbach (administration) will remain unchanged. Direct purchases from parts manufacturers will be made via the newly founded Swiss company “AT Sourcing AG” to optimally utilize the synergy potentials in purchasing.
The agreed capital increase by SAG secures a long-term financing solution for the ATP Group and enables the Group to further develop in the growing online market.
ACXIT Capital Partners acted as exclusive financial advisor to Autoteile Pöllath (ATP).
The transaction is subject to approval by the competition authorities and other closing conditions.
About ATP-Autoteile Pöllath
ATP Auto-Teile-Pöllath Handels GmbH is a leading European provider of automotive parts and specializes in the online sale of auto spare parts and auto wear parts, as well as automotive accessories. In 2018, ATP generated revenues of approx. EUR 110 million with approx. 450 employees. ATP-Autoteile became the first eBay shop in Germany to achieve the special mark of four million rating points in 2018. This makes ATP-Autoteile Germany’s strongest eBay retailer and one of the three largest eBay vendors in Europe.
About Swiss Automotive Group (SAG)
SAG, Cham / Switzerland, is a pan-European retailer for the B2B passenger car and commercial vehicle parts industry. In 2018, SAG achieved revenues of approx. CHF 900 million with approx. 3,200 employees at over 180 locations.
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Zurich, Hong Kong and New York, as well as strong alliances in the UK, France, China and India.
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