LKQ Corp. (Nasdaq: LKQ) is acquiring European auto parts distributor Rhiag-Inter Auto Parts Italia SpA from Apax Partners for $1.14 billion, including debt.

Rhiag distributes aftermarket automotive parts throughout Europe. The company has more than 100,000 clients, 247 distribution centers and 10 warehouses. Apax acquired the target, which has about $968 million in annual revenue, in 2013.

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