MEKO strengthens its position in Poland through strategic acquisition
MEKO is expanding its presence in Poland by acquiring the company Elit Polska from LKQ Corporation, making it the third largest player in the Polish automotive aftermarket. The merger is expected to generate significant synergies and contribute to MEKO's long-term increased profitability.Currently, MEKO holds about a 5 percent market share in Poland following the acquisition of Inter-Team in 2018. By acquiring Elit Polska, this share will increase to approximately 8 percent, positioning MEKO as the third-largest player in the independent automotive aftermarket in Poland, a country with