Halfords acquires automotive business for £62m to focus on motoring

Halfords
The acquisition help Halfords achieve its strategy to become a motoring services focused business
// Halfords acquires automotive service National
// National operates under the brands National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper
// Halfords said its garage estate would grow by more than 60%

Halfords has acquired automotive service National for £62 million, which will see the business become the UK’s largest vehicle repair business.

National operates under the brands National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper.

The acquisition help Halfords achieve its strategy to become a motoring services focused business.


READ MORE: Halfords lifts profit guidance as profits & sales surge


Motoring revenue will represent at least 70 per cent of group pro-forma revenue, while services revenue is expected to grow to more than 40 per cent of revenue.

Halfords also said that its garage estate would grow by more than 60 per cent, from 372 to 604 garages.

This will mean the total head count of front line motoring service staff hits 7500 employees.

There are also plans to introduce electric capability into the National garage.

Halfords chief executive, Graham Stapleton said: “Given our recent track record of successfully acquiring and integrating businesses, and the potential we see to further grow our motoring services business in other areas of the country, I am very excited about our future growth prospects, and I look forward to welcoming the new teams to the business.”

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