Klintberg & Way acquires Global Motorparts business for U.S. spare parts


Stockholm, September 6th 2011

Klintberg & Way acquires Global Motorparts business for U.S. spare parts

Klintberg & Way and Global Motorparts has signed a preliminary agreement to transfer the Global Motorparts spare parts business for U.S. automotive parts to Klintberg & Way from 1 October 2011.

KWPartsKlintberg & Way, based in Stockholm, Sweden, is Europe's leading distributor of U.S. automotive spare parts. The company also has a long-standing relationship with GM as its chosen provider of after sales service in Europe. Klintberg & Way has 65 employees and annual sales of 32 million €.

Global Motorparts is headquartered in Kortrijk, Belgium, and the companies automotive spare parts business is oriented toward Western Europe. Global Moroparts has 40 employees, the company's total annual turnover is 25 million €.

The acquisition consists of the Global Motorparts business for the American automotive spare parts, including warehouse and six specialists in the field. The aim is to provide Klintberg & Ways old and new customers with faster delivery from the Belgian department, and to offer customers in the neighborhood improved language communication.

Owe Sjölund concludes: "This is a great investment for Klintberg & Way, and it coincides with GM's major investment in Europe to relaunch the true American sports car, the Chevrolet Camaro. We are confident that both Klintberg & Way and Global Motorparts will gain from the agreement, but it's our customers who will be the biggest winners. "

Klintberg & Way changes name

In connection with the acquisition, the Klintberg & Way board has taken the decision to shorten its name from Klintberg & Way to KW Parts.

KW Parts will assist 32 countries in Europe with spare parts and logistics from its two warehouses. The company will continue to offer technical support and customer support with staff dedicated to American automotive products.

For more questions or information - please contact:

Owe Sjölund CEO

Klintberg & Way AB

Address: Box 196, SE-127 24 Skärholmen

Address: Stensätravägen 1, 127 39 Skärholmen, Sweden

Tel.: +46 8 680 88 01
Fax.: +46 8 680 88 50


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