LONDON, UK: Halfords Group, the UK’s leading provider of Motoring and Cycling products and services, has reached an agreement for the sale of a 5% minority stake in its Avayler business, Avayler Trading Limited, to Bridgestone Americas Inc., a leading global mobility company, and has also agreed the terms of a master commercial agreement with…
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Halfords Group to acquire Universal Tyre and Autocentres for £15 million
LONDON: Halfords Group has reached agreement to acquire Universal Tyre and Autocentres, a well-established motoring services provider in the South East of the UK, for consideration of £15 million, a news release said. Approximately £9 million of the purchase price relates to the acquisition of real-estate and the net cash position of the business, with…
Halfords Group announces acquisition of McConechy’s Tyre Service
LONDON: Halfords Group plc has announced the acquisition of McConechy’s Tyre Service Limited, one of the largest independent garage chains in the UK. The acquired business comprises of 60 sites and 100 vans across Scotland and the North of England, providing tyre fitting and vehicle servicing, maintenance and repair for both retail and commercial vehicles.…