halfords buy national tyres

Halfords received a boost from investors on Thursday climbing as much as 5 on the day as it agreed to acquire the owner of National Tyres for a sum of 62m 82mThe deal will make the bikes-to-car parts and servicing retailer the largest vehicle service maintenance and. Around 1400 jobs will be transferred to Halfords.

Former Glasgow Tyre Fitter Seals 62m Sale To Halfords Business The Times

Halfords saw an increase in bike sales with the rise in popularity of e-bikes.

. Halfords said that its garage estate would grow by more than 60 per cent following the. Halfords has acquired automotive service National for 62 million which will see the business become the UKs largest vehicle repair business. Halfords has purchased automotive group National for 62m in a deal which will see the brand become a motoring services focused business. National which owns National Tyres and Autocare Viking Wholesale Tyres and Tyre Shopper will be integrated into Halfords autocentres on completion of the deal.

Motoring retailer Halfords has announced it has acquired the Stockport based group behind National Tyres and Autocare in a 62 million deal. Halfords is set to acquire the group behind the likes of National Tyres and Autocare in a deal worth more than 60m. National a well-established name in the tyre and automotive maintenance and repair business operates under three brands - National Tyres and Autocare Viking Wholesale Tyres and Tyre Shopper. The giant has signed a sale and purchase agreement to purchase the entire issued share capital of Stockport-headquartered Axle Group Holdings whose brands also include Viking Wholesale Tyres and Tyre Shopper for 62m.

Acquisition of National 01-Dec-2021 1635 GMTBST Dissemination of a Regulatory Announ. A further investment of around 17 million will be made post acquisition on associated capital expenditure and 2 million on integration costs. Halfords buys out McConechys Tyre Service to boost sales. Halfords has snapped up automotive service and repair chain National in a deal that boss Graham Stapleton says cements the chain as the UKs largest vehicle repair business.

Halfords investing up to 81 million in Axle Group acquisition. 10 off when you buy 23 tyres or 15 off 4. A further investment of 17m will be made post acquisition on associated capital expenditure and 2. Ex-tyre fitter Alan Revie stands to pocket more than 33m with the sale of National Tyres to Halfords.

Halfords is to take over all 604 branches of National Tyres Autocare plus eight Viking wholesale warehouses and the Tyre Shopper website in a deal to acquire all shares in holdings company Axle Group it was announced this afternoon. Halfords has agreed to acquire the group behind the likes of National Tyres and Autocare in a deal worth more than 60m. National which trades as National Tyres and Autocare Viking Wholesale Tyres and Tyre Shopper operates 239 tyre and SMR garages and 60 mobile tyre fitting vans. Halfords said the deal to acquire National which operates under the brands National Tyres and Autocare Viking Wholesale Tyres and Tyre Shopper will mean its garage estate grows by more than 60 from 372 to 604.

He later moved across to Continental where he ran its UK outfit as well as its expansion into mainland Europe. National Tyres acquired by Halfords in 81m deal. Halfords buys national chain with five sites in North Wales Owen Hughes. The supreme court is coming for womens rights after all.

The acquisition of Axle Group Holdings is expected to complete on 9 December 2021. The fast-fit giant has signed a sale and purchase agreement to purchase the entire issued share capital of Stockport-headquartered Axle Group Holdings whose brands also include Viking Wholesale Tyres and Tyre Shopper for 62m. The 62-year-old from Glasgow began his career at National Tyres aged 17 as a wheel fitter then becoming a branch manager when he was just 19. As a result Halfords garage estate will grow by more than 60 per cent from 372 to 604 garages offering millions of drivers MOT servicing fitting and repair services.

Firstly while company announcements refer to the purchase of National. Halfords Group Plc said it would buy Axle Group the owner of the National tyre servicing brand for 62 million pounds 8254 million as the cycle retailer shifts focus to its motoring services. Whether you own a car motorcycle SUV 4x4 or camper van weve got tyres services and expertise that you can trust and depend upon. Halfords Group has confirmed it is snapping up the owner of the National tyre servicing brand Axle Group for 62million as the retailer shifts its focus away from cycling to motoring services.

By Gregor Young Journalist. Halfords is to acquire the company behind the National tyre and automotive servicing maintenance and repair company in a 62 million deal. Halfords has struck a deal to buy National tyre and servicing chain for 62m. Halfords Group Plc said it would buy Axle Group the owner of the National tyre servicing brand for 62 million pounds 8254 million as the cycle retailer shifts focus to its motoring services.

Half price Wheel Alignment when you buy 2 or more tyres. Find out more. National has a high quality UK-wide network of garages and mobile tyre fitting vans and 1400 highly skilled colleagues providing a complementary fit with Halfords existing operations. To redeem add wheel alignment separately for automatic discount in basket.

HALFORDS has unveiled a deal to boost its Autocentres business under plans to renew its focus on motoring after tough retail conditions sent sales and profits falling. Enter code SAFERTYRES21 at basket to redeem. Following the news that Halfords Group is buying Axle Group Holdings Ltd including 239 National Tyres garages and 60 mobile tyre fitting vans further details relating to the transaction have emerged. National has a high quality UK-wide network of garages and mobile tyre fitting vans and 1400 highly skilled colleagues providing a complementary fit with Halfords existing operations.

The acquisition is Halfords fourth purchase of similar businesses in three years after it bought McConechys Tyres on the Drive and Universal. At Halfords we understand how important it is to choose the right tyres and maintain them properly so you can stay safe legal and comfortable while out on the road. Ts and Cs apply. Halfords is paying 62 million for National the tyre and automotive servicing maintenance and repair business which operates under the National Tyres and Autocare Viking Wholesale Tyres and Tyre Shopper brands.

Halfords Group PLC HFD Halfords Group PLC. In 1999 he and four partners founded. The acquisition will see Halfords take over all National Tyres branches across the UK as well as Viking Wholesale Tyres and Tyre Shopper which are also owned by parent company Axle Group. Halfords buys National garage chain for 62m Sharecast News - Halfords has agreed to buy the owner of the National garage chain for 62m in cash to.

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