Skip to main content

Market Overview To Acquire Precise Fuel Pumps To Accelerate Auto Parts Market Growth

  • E-commerce auto parts company CarParts.Com Inc (NASDAQ: PRTSinked an agreement to acquire the complete Precise Fuel Delivery Systems inventory from an automotive aftermarket supplier, Premium Guard, for cash. The financial terms of the transaction were not disclosed.
  • and Precise will aid in the quicker get back of more drivers on the road.
  • The transaction will fast-track’s growth in the $300 billion auto parts market and materially expand its mechanical parts offerings.
  • Premium Guard’s current Precise fuel delivery system assets will be absorbed and added to’s existing premium fuel pump brand.
  • CarParts.Com held cash worth $35.8 million as of Jan. 2, 2021.
  • Price action: PRTS shares traded lower by 1.50% at $13.12 on the last check Monday.

Related Articles (PRTS)

View Comments and Join the Discussion!

Posted-In: M&A News Small Cap Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at