Halfords acquires automotive service company for £62m

The acquisition will aim to accelerate Halfords' motoring services strategy surpassing its current target of 550 garages and 200 consumer vans

Halfords has announced the purchase of tyre and automotive servicing company Axle Group Holdings Ltd (National) for a total consideration of £62m.

The consideration will be paid in cash on the date of completion, which is expected to be 9 December 2021.

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