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The company was founded by Sukhpal Singh Ahluwalia, when he opened a motor parts shop in Willesden, London in 1978. The business was originally established to supply parts for BMW, Mercedes-Benz, Porsche and Volkswagen vehicles. In October 2011, the company was sold to LKQ Corporation of Chicago, for £225 million. [2]
Inchcape bought Joska Bourgeois's Japanese car distribution business, the International Motor Company, for £14.6 million in 1979. [ 9 ] Reincorporated as Inchcape plc in 1981, the company acquired during the 1980s several petrol, textile, electronic and mineral testing and inspection companies and formed a specific testing business stream.
In the late 1990s Inchcape decided to concentrate on the distribution of motors, and the non-motor businesses, including Williamson Balfour Agrocomercial Ltda, were sold to Sigdo Koppers in 2000. [2] Williamson Balfour Motors S.A. is still owned by Inchcape, and is now the importer and distributor of BMW [3] and Rolls-Royce Motor Cars in Chile. [4]
The firm plans to return around £100 million to shareholders through a share buyback after the sale is completed.
Inchcape Shipping Services (ISS) is a British multinational ports and marine management company headquartered in London. [1] ISS became owned by London-based private equity firm Epiris LLP, having been sold by Istithmar World , the investment arm of Dubai World in 2022.
James Lyle Mackay, 1st Earl of Inchcape, GCSI, GCMG, KCIE, DL (11 September 1852 – 23 May 1932), known as Sir James Mackay from 1894 to 1911, was a British businessman and colonial administrator in India who became Chairman of the Peninsular and Oriental Steam Navigation Company ("P&O") [1] and founded Inchcape Retail Ltd.
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