• AkzoNobel rejects PPG takeover bid

    • March 9, 2017
    • Posted by: Simon Wait
    • Category: Industry News
    AkzoNobel has rejected a €20.9bn takeover bid from PPG Industries. However, the bid has sparked action from AkzoNobel, which says it is now considering separating its specialty chemicals business. Bloomberg reports that AkzoNobel rejected the PPG bid, worth €83 per share and nearly 30% above AkzoNobel’s closing level last Wednesday, saying it substantially undervalued the [...]
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  • Service King reigns in LA

    • March 7, 2017
    • Posted by: Simon Wait
    • Category: Industry News
    Service King Collision Repair Centers has opened its 20th site in the greater Los Angeles area. The announcement follows news of the deal to partner with Performance Paint and Body. Alan Saviano, Service King Market Vice President for Southern California, said, ‘This is yet another step in our mission to be the collision repair operator [...]
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  • Beijing taxis to go electric

    • March 3, 2017
    • Posted by: Simon Wait
    • Category: Industry News
    Beijing will invest $1.3bn to convert its fleet of 70,000 taxis into electric vehicles. According to a report by National Business Daily, the transition to electric cars will cover all new taxis registered in the region. ‘All newly added or replaced taxis in the city of Beijing will be converted from gasoline to electricity, according [...]
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  • OEMs join the IBIS debate

    • March 2, 2017
    • Posted by: Simon Wait
    • Category: IBIS News
    IBIS Madrid Spain 2017
    The vehicle manufacturers’ relationships with the collision repair industry will come under the spotlight during the IBIS Global Summit 2017. In the latest session to be added to the agenda, Kris Mayer, general director, wholesale channel, customer care and aftersales, General Motors Corporation and Bill Lopez, general manager, collision division, OE Connection will explore the [...]
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  • EMM establishes North American presence

    • March 2, 2017
    • Posted by: Simon Wait
    • Category: Industry News
    EMM has established EMM Specialties North America LLC to serve the North American market. EMM Specialties North America LLC is a 50% joint venture between EMM Holding BV and previous EMM Specialties LLC, where EMM Specialties LLC was the master distributor for North America. The 50% joint venture has been named EMM Specialties North America [...]
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