Toronto, Ontario — In order to improve access to recycled OEM parts across Europe, LKQ Corporation is entering a joint venture with SYNETIQ Ltd., an IAA company, a U.K.-based vehicle salvage, dismantling and recycling company.
LKQ SYNETIQ will combine LKQ’s distribution reach and data-driven logistics network with SYNETIQ’s dismantling, reuse and remanufacturing expertise. The joint venture will be led by Michael Hill, SYNETIQ’s dismantling operations director and by Annick Jourdenais, LKQ Europe’s senior project director for salvage, Annick Jourdenais.
“This joint venture is a major milestone in our mission to put sustainable, affordable mobility within reach of every workshop and bodyshop in Europe,” said Andy Hamilton, president and executive managing director of LKQ Europe. “By combining SYNETIQ’s dismantling and recycled parts expertise with LKQ’s unmatched parts catalogue and logistics footprint, we will give customers genuine choice, reduce the carbon footprint of repair and stay ahead of evolving European regulations.”
By bringing new aftermarket parts, certified remanufactured parts and quality-assured recycled parts into a single catalogue, LKQ SYNETIQ aims to offer affordable workshops and collision repair facilities, sustainable options for today’s increasingly complex repairs — including hybrid and EV models — and help them access captive OEM parts that are withheld from the independent aftermarket. LKQ will continue to acquire salvage vehicles and recycled parts from a variety of sources across Europe.
The additional demand generated by LKQ’s scale is expected to channel fresh investment into the wider U.K. salvage sector to support and invigorate the industry.
