Processing timeline
24
days
Acquirer(s)
CARE AUTOBODY PTY LTD ABN - 99 692 619 962
Target(s) or Vendor(s)
MOTORONE AUTOBODY PTY LTD ABN - 98 077 935 614
Other parties
M1 TOPCO PTY LTD ABN - 99 663 463 116, THE CARE AUTOMOTIVE GROUP PTY LTD ABN - 94 633 108 700
CARe Autobody Pty Ltd acquired 100% of the issued share capital in MotorOne Autobody Pty Ltd. This transaction combines two Australian motor vehicle collision repair service providers. The acquirer operates 18 repair sites, while the target has 20 sites across Australia.
CARe Autobody Pty Ltd ( CARe ) proposes to acquire 100% of the issued share capital in MotorOne Autobody Pty Ltd ( MotorOne Autobody ) (the Acquisition ). CARe is an Australian supplier of motor vehicle collision repair services. CARe operates a total of 18 repair sites across Australia with 5 sites in Queensland, 7 sites in Victoria, 3 sites in New South Wales, 2 sites in Tasmania and 1 site in South Australia. MotorOne Autobody is an Australian supplier of motor vehicle collision repair services and a business division of the MotorOne Group which is an Australian supplier of motor vehicle aftercare products and services. MotorOne Autobody operates a total of 20 repair sites in Australia with 8 sites in Queensland, 11 sites in Victoria and 1 site in New South Wales. Both CARe and MotorOne Autobody supply motor vehicle collision repair services to insurers and direct to vehicle owners without an insurance claim.