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You are here: Home1 / Axle Group Holdings

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Halfords investing up to £81 million in Axle Group acquisition

UK News
Halfords

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. Firstly, while company announcements refer to the purchase of “National”, Halfords’ latest acquisition actually sees the company purchase the entire issued share capital of Axle Group Holdings Ltd (“National”) for £62 million. And the transaction is expected to be completed on 9 December 2021.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Axle Group investing £12 million in acquisition strategy
  3. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  4. Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition
3rd December 2021/by Chris

Halfords buys National Tyres and Autocare in £62 million deal

UK News

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. As a result, Halfords’ garage estate will grow by more than 60 per cent (from 372 to 604 garages), offering MOT, servicing, fitting and repair services. According to Halfords, this deal makes it “the largest vehicle service, maintenance and repair business in the UK, with the majority of UK households within a 20-minute drive of a Halfords garage.” However, Tyres & Accessories data suggests European Tyre Enterprises Ltd (ETEL), which incorporates 650 Kwik Fits in its portfolio, is still the largest in the UK with a total estate of 740 at the last count.

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Related news:

  1. Axle Group investing £12 million in acquisition strategy
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Halfords buys Universal Tyres and Autocentres for £15 million
2nd December 2021/by Chris

Axle Group hails success of £12 million investment in National Tyres

UK News

The Executive Board of Axle Group Holding Limited has reported “significant growth” in the 18 months since it announced its three-year, £12 million inward investment strategy in March 2018.

According to the company, the investment has three core pillars:

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Related news:

  1. Axle Group investing £12 million in acquisition strategy
  2. National Tyres: Vehicle safety vital, staff and customer safety paramount
  3. Kwik Fit benefiting from increased mechanical work
  4. ETEL continues to lead top 20 UK tyre retailers 2019
24th October 2019/by Chris

Axle Group investing £12 million in acquisition strategy

Company News, UK News

The Executive Board of Axle Group Holdings Limited have ratified a £12 million, three-year inward investment strategy to help drive its business forward. Further announcements specifically relating to the firm’s acquisition strategy are expected.

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Related news:

  1. National Tyres and Autocare aiming for 300 branches
  2. UK tyre retailers continue right-sizing
  3. National Tyres and Autocare board approves leases for 10 new branches
  4. Yanchang/Duraturn set their sights on European assets
29th March 2018/by Chris

Lesley Dalziel named Axle group CFO

Career Tracks, Company News

Lesley Dalziel, previously group finance director, has been promoted to the position of chief financial officer (CFO) for Axle Group Holdings Ltd (which incorporates National Tyres and Autocare and Viking Wholesale Tyres).

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Related news:

  1. Sailun develops European tyre lines as Asian acquisitions continue
  2. National Tyres and Autocare aiming for 300 branches
  3. National Tyres and Autocare expands marketing team
  4. Axle Group investing £12 million in acquisition strategy
15th September 2017/by Tyrepress Editors

National Tyres and Autocare expands marketing team

Career Tracks

Axle Group Holdings, parent company of National Tyres and Autocare and Viking Wholesale Tyres, has appointed two to its digital division, growing its marketing department. James Kelly has been appointed as digital marketing manager, and Jack Underwood as digital marketing executive.

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Related news:

  1. Heuver marketing department ready for ‘maximum attack’
  2. Virtual Margins in the online tyre business
  3. Michelin returns to the top of online brand ranking
  4. Michelin most searched tyre brand on Google in Europe
11th November 2016/by Andrew

TyreSafe appoints Michael Bourne as vice chairman

Career Tracks, UK News

TyreSafe has appointed Michael Bourne as vice chairman. According to TyreSafe, the recent intensification of activities has brought with it the need for further senior representation of the not-for-profit organisation. As it approaches its 10th anniversary year, TyreSafe now has nearly 100 members and supporters, and increasingly works in partnership with a growing number of road safety stakeholders.

Read more

Related news:

  1. National Tyres and Autocare expands marketing team
  2. Stuart Jackson re-elected for third term as TyreSafe chairman
  3. Stuart Jackson joins Bridgestone
  4. Why tyre shops don’t have to revolve around men
14th December 2015/by Tyrepress Editors

National Tyres and Autocare aiming for 300 branches

Premium, UK News

On 28 July Scotland’s Herald newspaper reported that Axle Group Holdings, the holding company behind the National Tyres and Autocare tyre retail chain and the Viking wholesale business, had reported a £2.1 million loss in its full-year 2013 figures. The headline figures were that group sales dipped from £166.3 million in 2012 to £161.5 million in 2013. And that while costs fell, 2012 profits of £3.85 million had become a £2.1 million pre-tax loss for 2013. However the complicated nature of holding company accounts suggests that this doesn’t necessarily tell the whole story. Having read accounts filed at company’s house and contacted executives at Axle Group, Tyres & Accessories spoke with company founder, chairman and 60 per cent shareholder Alan Revie who spoke of strong operating results and branch expansion – even a rough goal of 300 branches.

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Related news:

  1. National Tyres and Autocare board approves leases for 10 new branches
  2. Sailun develops European tyre lines as Asian acquisitions continue
  3. Axle Group investing £12 million in acquisition strategy
  4. UK tyre retailers continue right-sizing
29th July 2014/by Tyrepress Editors

Sailun develops European tyre lines as Asian acquisitions continue

Company News, Premium
Sailun managing director (EMEA), Martin West

April reports of the Sailun Group’s move to raise capital of “up to 1.2 billion yuan” (c. £114 million) through the private placement of shares is just the latest positive step in the development of a name still in its adolescence. While the merger with Jinyu in 2012, only its tenth year in existence, placed the company alongside larger manufacturers in China, overseas developments have followed, with a large factory in Vietnam online since February. Developing a European base has also come quickly, with Sailun establishing an office headed by managing director Martin West in Solihull by 2010, who has worked quickly to build partnerships with local wholesalers in the various European markets. Meeting West in Solihull, Tyres & Accessories asked how corporate growth has informed Sailun’s approach to the European market.

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Related news:

  1. Sailun, DistriCash demonstrate UHP tyre performance gains in France
  2. National Tyres and Autocare aiming for 300 branches
  3. Sailun launches new Atrezzo PCR tyres
  4. Kirkby Tyres’ 80,000sqft central distribution centre expansion nears completion
9th May 2014/by Andrew

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