Fleet News

Takeover agreed

THE European Commission has cleared the £800 million takeover of Kwik-Fit by French equity firm PAI Partners.

The company was sold to PAI company Speedy 1 by CVC in June. Since the deal was announced, the new bosses of the fast-fit giant have highlighted expansion in the UK and Germany as a priority but stress that it is business as usual for fleet customers (Fleet NewsNet, June 30).

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