ATS Euromaster

Formula One Autocentres has successfully acquired 35 sites from ATS Euromaster, a strategic move that saves over 130 jobs and significantly expands Formula One Autocentres' operational footprint and service network across the UK, particularly in the South West.

Summary of transaction details:

• Value: Undisclosed
• Sector: Automotive Services
• Advisor: Not disclosed
• Key Entities: Formula One Autocentres (Acquirer), ATS Euromaster (Target)
• Location: UK (South West expansion mentioned)

Note: This acquisition represents a major expansion for Formula One Autocentres, allowing the family-run business to scale rapidly and enhance its market presence by integrating established service centres and retaining a significant workforce.