Fleet News

Apples now fully owned by Kwik-Fit

APPLES Limited, a specialist in car servicing and mechanical repairs for both the retail and fleet motorist, is now 100% owned by Kwik-Fit. The tyre specialist has also bought a 50% share of Kwik-Fit Northern Ireland. Apples operates 70 Car Clinics in England and in the last full financial year generated sales of £22 million.

Kwik-Fit made an initial 25% investment in the firm in December 1994 but has bought the remaining share capital for £7.5 million which will be met from the fast-fit firm's resources. The company has also acquired 50% of Kwik-Fit Northern Ireland, which operates 12 centres, from Hampden Group for £1 million including repayment of loans due to Hampden. Kwik-Fit Group, Europe's largest independent specialist in the car parts repair and replacement market, will now trade from 1,033 automotive fitting centres, 154 mobile tyre fitting vehicles, 92 mobile servicing vehicles and 29 Centuri Trade Distribution centres.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee