Genuine Parts announced an acquisition for its European Automotive business. Effective July 31, Alliance Automotive Group, or AAG, the company’s wholly-owned automotive distribution company based in London, U.K., acquired Recambios y Accesorios Gaudi. Gaudi, founded in 1989, is one of the leading independent players in Spain with 22 stores operating mainly in the Catalonia and Madrid regions. Thanks to a combination of organic growth and numerous store openings, the business has expanded significantly over the past years, achieving annual revenues of approximately EUR100M or $110M. These results reflect the expertise of the Gaudi team and its 350 employees across all vehicle segments in the automotive sector.
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