Bapcor (ASX:BAP) set to purchase Truckline and Diesel Drive

Company News

by Katrina Bullock

Automotive aftermarket parts company, Bapcor (ASX:BAP), has penned agreements to purchase both Truckline and Diesel Drive.

Truckline is a commercial truck spare parts business with 150 team members; revenues of approximately $100 million and 22 branches Australia wide.

Diesel Drive specialises in the sale of Japanese commercial truck spare parts, has 14 team members and revenues of approximately $13 million.

Both businesses are set to be purchased for a combined price of approximately $48 million and are scheduled for completion this year.

Shares in Bapcor (ASX:BAP) are trading 0.42 per cent higher at $7.18.
 

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.