Genuine Parts Company Announces Automotive Acquisition in Europe, Expanding Presence in Key New Markets in Spain and Portugal

ATLANTE, April 13, 2022 /PRNewswire/ — Genuine Parts Company (NYSE: GPC) today announced an acquisition for its European automotive business. Efficient April 12, 2022Alliance Automotive Group (AAG), the automobile distribution company wholly owned by the Company and based in London, UKacquired the Lausanne group (Lausan).

GPC logo. (PRNewsFoto/Genuine Parts Company)

Lausanne, founded in 1953 and based in Bilbao, Spainis a major distributor of automotive spare parts in Spain and Portugalwhich represent the 5and largest car fleet in Europe. Lausanne serves its customers from an established network, including a national distribution center, nine regional hubs and 37 stores. The Company expects Lausanne to generate annual revenue of approximately €115 million (US$125 million).

“We are excited to expand our European automotive footprint with the addition of Lausanne,” said Paul Donahue, Chairman and CEO of GPC. “With our entry into Spain and Portugal, we plan to further strengthen Lausanne’s leading position in the market by capitalizing on our European dimension and purchasing expertise, as well as by leveraging the deployment of our NAPA brand in this region. We welcome the Lausanne team to the GPC and AAG family and look forward to working together to maximize the growth opportunities for our European business.”

With the addition of Lausanne, AAG operates in nine European countries: FranceGreat Britain, Ireland, Germany, the Netherlands, Belgium, Poland, Spain and Portugal.

Forward-looking statements
This press release contains “forward-looking statements” which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in the future tense and all statements containing words such as “expected”, “opportunities” , “looking into the future” or similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding the acquisition of Lausan by GPC’s subsidiary, AAG, including those relating to the revenue expected to be generated by Lausan and AAG’s ability to further strengthen Lausan’s market position. Forward-looking statements are based on information currently available to GPC and involve estimates, expectations and projections. Investors are cautioned that all such forward-looking statements are subject to risks and uncertainties, and that important factors could cause actual events or results to differ materially from those indicated by such forward-looking statements. With respect to the proposed acquisition, these risks, uncertainties and factors include, but are not limited to: the risk that Lausanne will not be successfully integrated; the risk that the cost savings, synergies and growth resulting from the acquisition may not be fully realized or may take longer to realize than expected; diversion of management’s time on transaction-related matters; and the risk that the costs associated with integrating the business will be higher than expected.

Additional information regarding other risks and uncertainties that could affect GPC and its operations is also contained in GPC’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8- K filed with the Securities and Exchange Commission.

Many of these risks, uncertainties and assumptions are beyond GPC’s ability to control or predict. Due to these risks, uncertainties and assumptions, actual results may vary materially and you should not place undue reliance on such forward-looking statements. Further, forward-looking statements apply only to information currently available to the parties as of the date they are made, and GPC undertakes no obligation to publicly update or revise any forward-looking statements to reflect future events. or circumstances that may arise after the date of this communication, except as required by law.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update forward-looking statements except as required by law. You are, however, advised to review any other disclosures we make on related matters in our Forms 10-K, 10-Q, 8-K and other reports filed with the SEC.

About the Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company’s Automotive Parts Group distributes automotive replacement parts in the United States, Canada, MexicoAustralasia, FranceGreat Britain, Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The Company’s Industrial Parts Group distributes industrial replacement parts in the United States, Canada, Mexico and Australasia. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 52,000 employees. Further information is available at www.genpt.com.

About Alliance Automotive Group
Alliance Automotive Group is one of the leading distributors of spare parts for light and commercial vehicles in the independent aftermarket in FranceGreat Britain, Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. AAG operates under the brands Groupauto France, Precisium Group and Auto Parts in FranceGroupauto UK and UAN in the United Kingdom, Groupauto Ireland in IrelandAlliance Automotive Group Germany GermanyGroupauto Poland PolandPartspoint, Precisium and Winparts in the Netherlands and Belgium and Lausanne and Soulima in Spain and Portugal. AAG serves approximately 50,000 garages with over 100,000 different parts for repair and maintenance from a network of over 700 company-owned stores and over 1,700 affiliated outlets. Further information is available at www.allianceautomotivegroup.eu.

Source: Genuine Parts Company

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Mary I. Bruner