15 May 2024
We are pleased to announce that we advised MEKO AB (“MEKO”) on the acquisition of 100% of the shares in Elit Polska sp. z o.o. (“Elit Polska”) from Rhiag – Inter Auto Parts Italia S.r.l., a member of the LKQ Corporation group. The transaction is expected to be finalised in the second half of 2024 and is subject to obtaining clearance from the President of the Office of Competition and Consumer Protection.
As a result of the transaction, MEKO will develop its presence in Poland and become the third largest player on the Polish automotive parts distribution market. The acquisition of control over Elit Polska will contribute to a long-term increase in MEKO’s value through synergies.
MEKO AB is Northern Europe’s leading distributor of automotive spare parts, operating in eight markets having brands such as FTZ, Inter-Team, Koivunen, MECA, Mekonomen and Sørensen og Balchen.
Elit Polska is a leading distributor of automotive parts, maintenance supplies and workshop equipment on the Polish market. The company has two warehouses and 49 branches throughout the country.
The transaction team comprised: Paweł Zdort (managing partner), Aleksander Jakubisiak (associate) and Szymon Rutecki (associate).
The team advising on obtaining clearance from the President of the Office of Competition and Consumer Protection comprised: Iwona Her (partner), Tomasz Kordala (senior associate) and Justyna Niezgoda (associate).
The team involved in the due diligence process comprised: Marek Kanczew (partner), Marcin Serafin (partner), Tomasz Bąkowski (senior associate), Klaudia Cholewa (senior associate), Aleksandra Modzelewska (senior associate), Adrian Więsław (senior associate), Maksymilian Kaszubowski (associate), Ewa Dużyńska (associate), Piotr Króliński (associate), Justyna Niezgoda (associate), Alicja Szymańska (associate), Paweł Wieczorek (associate), Natan Fischer (associate) and Natalia Andrzejczak (associate).
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