15 Jun 2024
The voice of the independent garage sector

CMA decides on ECP/Andrew Page merger

Euro Car Parts’ acquisition of Andrew Page has been approved by the Competition and Markets Authority (CMA), subject to the sale of  nine depots.

The CMA found that the purchase of Andrew Page could lead to higher prices or lower levels of competition in Blackpool, Brighton, Gloucester, Liphook, Scunthorpe, Sunderland, Wakefield, Worthing and York. ECP must sell a depot in each area to a purchaser approved by the CMA for the merger to progress.

Professor Alasdair Smith, Inquiry Chair, said: “Following an in-depth investigation, we have found that this merger has the potential to drive up prices or reduce levels of service for customers in nine local areas. That’s why we are requiring a depot in each area to be sold to a buyer approved by the CMA.

“Outside of these areas, we did not find that the merger will further reduce competition compared to what would have happened if Euro Car Parts had not purchased Andrew Page.”

Sukhpal Singh, chairman of LKQ UK & ROI, commented:  “We are genuinely thrilled the future of the Andrew Page business has been secured, which celebrates its UK centenary this year. We remain committed to assuring that the Andrew Page ‘brand’ continues to thrive and remains separate from Euro Car Parts, but will benefit from our UK infrastructure, inventory and the financial support from the LKQ Corporation.

Martin Gray, CEO of Euro Car Parts, stated: “Euro Car Parts will continue to work with the CMA to bring this process to a conclusion and will update as appropriate.  We are delighted that approval has been clarified. This will provide welcome direction and confirmation for our customers, employees, suppliers and shareholders.”

ECP bought most of the Andrew Page business in October 2016, after the company went into administration.