21 Jun 2024
The voice of the independent garage sector

LKQ Europe buys Dutch salvage and reman company

LKQ Europe has bought Rhenoy Group, the Holland-based salvager and supplier of remanufactured engines, and recycled OEM car parts for an undisclosed amount

Commenting on the deal, Varun Laroyia, Chief Executive Officer of LKQ Europe, observed: “This acquisition reinforces our ongoing commitment to offer affordable and sustainable mobility across our European markets. The roots of our company lie in the dismantling of salvage vehicles to recycle OEM parts. As part of our European strategic plan, we intend on capitalizing on that knowledge coupled with remanufacturing capabilities. We have long admired Rhenoy’s competencies and I am thrilled to have them join the LKQ family.”

Rhenoy Group CEO Nick van Kessel added: “The circular economy is advancing, and our conclusion is ‘stronger together’. LKQ is the largest automotive aftermarket parts provider in Europe and originated from car dismantling companies and engine remanufacturing in America. LKQ is very familiar with Rhenoy’s activities and has value-add plans to further develop our companies in the future.”

Rhenoy operates a salvage dismantling facility in the Netherlands, and remanufacturing plants in both the Netherlands and Poland.