Business
The ARB (ASX:ARB) share price moving up on $40 million acquisition
The ARB Corp Ltd (ASX: ARB) share price is inching upwards today after the motor vehicle accessory maker announced an acquisition.
At the time of writing, the ARB share price is up 2.52% to $34.53. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is jostling around the negative 1% mark.
Breaking into the UK
Following the recent successes of ARB’s New Zealand acquisitions, the company now is breaking into the UK market.
This morning ARB announced the acquisition of Auto Styling Truckman Group Limited, commonly referred to as Truckman. Similarly, Truckman makes and distributes auto accessories throughout the United Kingdom.
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