Role of private equity in aftermarket discussed at ReMaTec2013 exhibition.
CRR reports that the potential for private equity (PE) to have a role in the aftermarket and remanufacturing industry was explored at the ReMaTec2013 remanufacturing exhibition, which took place in Amsterdam between 16 and 18 June.
A number of executives attended the event, which was organised by the Motor and Equipment Remanufacturers Association (MERA) and Ernest & Young.
Michael Hanley, Ernest & Young’s Global Automotive Leader, said: “The aftermarket and remanufacturing is an attractive industry for PE investors as it is a relatively untapped market and it holds many growth opportunities especially in remanufacturing as the industry and consumers focus more on sustainability.
“All the ingredients for a robust market are present. There is no shortage of financing, and there is a growing appetite for companies to buy and sell.”
Meanwhile, John Chalifoux, President and COO of MERA, commented: “The EY Global Automotive Center is a trusted resource for industry intelligence for MERA members. Our invited members and guests found the discussion at ReMaTec2013 to be particularly helpful as they seek new opportunities in a growing and global remanufacturing marketplace.”