LKQ Europe acquires Rhenoy Group

LKQ Europe is expanding its European salvage network with the acquisition of Dutch-based Rhenoy Group, a supplier of remanufactured engines, and recycled OEM car parts.

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

LKQ Europe chief executive Varun Laroyia said the acquisition reinforces the company’s ongoing commitment to offer “affordable and sustainable mobility” across its 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 capitalising on that knowledge coupled with remanufacturing capabilities,” he added.

Terms of the transaction were not disclosed.