Former Euro Car Parts owner sells stake in parts firm Digraph


Sukhpal Singh Ahluwalia has hit the jackpot, promoting his majority shareholding in main business car elements distributor Digraph to LKQ Company following the profitable nationwide roll-out of the enterprise.

Ahluwalia has been right here earlier than. In 2011 he offered Euro Automobile Components to LKQ Company for £225m with a £55m goal bonus on high.

The acquisition of the corporate by LKQ Corp for an undisclosed sum caps off a journey that began in 2017, when Ahluwalia turned its majority proprietor. During the last 5 years, Ahluwalia has served as the corporate’s Chairman and overseen its aggressive progress technique.

The fast growth of the enterprise has been paired with strategic investments in faster supply speeds, market-leading customer support, and an elevated product vary. Over current years, Digraph additionally launched mezzanine flooring in quite a few its present branches to extend inventory capability.

In 1978, Sukhpal Singh Ahluwalia based automotive elements retailer Euro Automobile Components from a single retailer earlier than rising it into the biggest automotive elements distributor within the UK and one of many largest in Europe.

Sukhpal Singh Ahluwalia stated: “After I first seemed carefully on the Digraph enterprise 5 years in the past, I used to be instantly struck by its enormous progress potential. The enterprise had strong fundamentals with a loyal buyer base and a robust model, which made it an ideal enterprise for an bold and aggressive roll-out.


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