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Mobivia Groupe to complete acquisition of tyre retailer A.T.U. this month

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German tyre retail and fast fit chain A.T.U. has been sold to France’s Mobivia Groupe. Several hours ahead of a predetermined deadline, New York-based hedge Fund Centerbridge Partners LP, which has owned the network since 2013, successfully negotiated a significant rent reduction with the landlords of its outlet sites, including Lino Management, owner of 273 A.T.U. sites. According to reports, the annual leasing cost for the centres located on Lino-owned properties will fall from 57 million to 30 million euros. The rent reduction clears the way for Mobivia Groupe’s acquisition of the more than 600 A.T.U. centres in Germany, Austria and Switzerland.

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Will rent price discord torpedo A.T.U. acquisition?

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Late last month it seemed the planned acquisition of A.T.U. by France’s Mobivia would deliver “synergies and interesting development opportunities” for the German tyre and car maintenance chain, however it now appears this appraisal was slightly optimistic. According to information appearing in German publication ‘Manager Magazin’, a major hurdle still stands in the way of the proposed deal’s completion.

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Mobivia Groupe to acquire ATU

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The France-based Mobivia Groupe, Europe’s largest independent automotive maintenance and repair services group, based in France, has agreed to acquire leading German autocentre chain ATU. Combined annual sales are expected to be roughly 2.7 billion euros, while there will be close to 2,000 automotive workshops and retail stores and over 20,000 employees in the group.

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Point S cooperating with Group Mobivia

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Mobivia and Point S have agreed a procurement alliance. According to the two companies, this strategic alliance will cover the listing and sourcing of the products ranges purchased by both Groups – that is tyres and car parts – for the markets they cover. However, while the two organisations are working together in terms of purchasing, under the terms of the alliance each group remains autonomous when it comes to the management of its network, policies and development.

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Oxyo-pneus.fr now under Norauto banner

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Back in March Norauto, a leading vehicle maintenance chain, and Oxyo-pneus.fr, the fourth largest player in the online tyre market in France, merged their e-commerce activities.

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Possible EU legislation on winter tyres?

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Szabolcs Schmidt, head of the European Commission's road safety unit, said he agrees that winter tyres could improve road safety. He announced there will be a 2013 EU study to evaluate the role that tyres could have in increasing road safety. Schmidt spoke at a policy breakfast at the European Parliament hosted by German MEP Dieter-Lebrecht Koch, who is vice chairman of the body's transport committee. The event was organised by Mobivia Groupe with the support of the European Tyre and Rubber Manufacturers' Association.

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