LKQ buys Diagraph
CV parts distributor Digraph has been bought by LKQ Corporation, with former ECP owner and Diagraph Chairman Sukhpal Singh Ahluwalia selling his majority shareholding. Diagraph now joins the LKQ group of companies in the UK and Ireland including LKQ Euro Car Parts, LKQ Bodyshop and Arleigh Group.
LKQ made its initial investment in Digraph in 2017, when Sukhpal became majority owner. Following the sale, Digraph CEO James Rawson will stand-down from the business on completion of the deal, at which point of the LKQ Bodyshop Managing Director Andy Southby will take on the role running tandem with his LKQ Bodyshop responsibilities.
James Rawson said: “LKQ has been an instrumental partner to our growth and success since 2017 and I know Digraph has a bright future as part of the group. Now it’s time for an exciting new chapter for the business with the power of the LKQ UK & Ireland group behind it.”
Sukhpal Singh Ahluwalia commented: “When I first looked closely at the Digraph business five years ago, I was immediately struck by its huge growth potential. The business had solid fundamentals with a loyal customer base and a strong brand, which made it a perfect business for an ambitious and aggressive roll-out.”
He added: “While this might be the end of my involvement in this particular business, I’m still keen to play an active role in the global vehicle parts industry and I am particularly attracted by the massive opportunity in the Indian market at the moment.”
Andy Hamilton, CEO, LKQ UK and Ireland Group, concluded: “This deal marks the culmination of a five-year strategic partnership with Digraph, which will ensure a smooth transition into the LKQ UK & Ireland family. We’re excited about how we can now work together to accelerate Digraph’s potential as we continue to strengthen and deepen LKQ UK & Ireland’s scale and capabilities.”