September 6, 2018 – Sator-LKQ has reached an agreement with the shareholders of MPM International Oil Company B.V. to take a 100 % interest in the company. Lexence assisted the shareholders of MPM International Oil Company B.V. with sale of the shares. Sator-LKQ is provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. MPM Oil is a complete solution for the car-materials wholesaler and oilmerchant.
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The strong expansion of LKQ in Europe and the opportunities to grow in Europe in the field of oils and automotive fluids have led to this decision. MPM is already the main supplier for LKQ in Europe (the Netherlands, Belgium, France and Scandinavia) for oils and automotive fluids.
With MPM becoming the new ‘competence center’ for LKQ in Europe, LKQ achieves the desired synergy with MPM to use the expertise and proven success model of MPM.
MPM was established in 1994 as a true specialist in lubricants and liquids. The company is active in more than 50 countries with a unique OEM approved product range of over 350 different lubricants and specialized liquids.