Bapcor's divestment of MTQ Engine Systems

Bapcor Limited (ASX:BAP) has announced the conditional agreement for the sale of MTQ Engine Systems, a national provider of diesel fuel injection and turbo aftermarket sales and services. The transaction is expected to be completed in 1H FY25, in line with Bapcor's strategy to simplify its business and exit non-core operations.

Executive Commentary on MTQ Engine Systems divestment

MTQ is a highly specialised business providing services that are not core to Bapcor's offering. This transaction is an example of our commitment to right-size the Company's cost base and remove operational complexity. In consolidating its portfolio, Bapcor will focus on growing in its core markets.

Summary of Bapcor's divestment and future focus

Bapcor Limited (ASX:BAP) has entered into a conditional agreement for the sale of MTQ Engine Systems, aligning with the company's strategy to simplify its business and exit non-core operations. The divestment reflects Bapcor's commitment to right-size its cost base and focus on growth in its core markets. The transaction is expected to be completed in 1H FY25, and the terms remain confidential.