Halfords buys National Tyres and Autocare in £62 million deal

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.

Meanwhile, Halfords reports that the number of vans that provide its mobile motoring services will grow to 427 vans (including 192 commercial-orientated vans), carrying out jobs such as: diagnostics, tyre and dashcam fitting, windscreen chip repair, oil and fluid top ups. This aims to meet demand from women and younger people who Halfords believe prefer getting services carried out at home.

Post-completion, Halfords will have approximately 604 garages, 234 consumer vans, 190 commercial van and 8 warehouses.

Click here for ongoing coverage of Halfords most recent acquisition and growth plans: https://www.tyrepress.com/tag/national-tyres-and-autocare/