14/11/2019 - 07:44

S.M.A.R.T deal drives AMA Group to $1b market cap

14/11/2019 - 07:44

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ASX-listed, heavyweight automotive conglomerate, AMA Group, has completed a multi-million dollar, transformational acquisition of Insurance giant, Suncorp’s Capital S.M.A.R.T panel business, at an implied enterprise value of $420m. It has also purchased Suncorp’s complimentary ACM Parts business for $20m. The deal has propelled AMA into the exclusive ranks of billion-dollar market capped companies and comes gift wrapped with a 25-year service agreement with Suncorp.

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