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Kwik-Fit, the car repair chain with 4,600 staff at 673 branches, is to be acquired by Itochu Corporation of Japan for £637m.

Kwik-Fit is to sell its West Lothian-based insurance services business to Ageas of Belgium for £215m.

Kwik-Fit is considering plans to sell off its insurance business, which has more than 1,000 staff, for at least £200m.

Kwik-Fit, the car repair company with 670 service centres in the UK and 1,000 in continental Europe, has been acquired by PAI of France for £800m.

Kwik-Fit is planning to almost double its fleet of Hometune mobile servicing vans to 260 over the next two years, as part of a strategy to extend the service nationwide.

Kwik-Fit has announced plans to double the size of its chain of car service outlets to more than 4,000 within five years, through organic growth and acquisitions in Europe and Asia.

Kwik-Fit has acquired Silver Shield Screens, the automotive glass repair and replacement company, for an initial £6m.

Kwik-Fit has acquired consulting and training services company TFA Holdings for £1.8m, in order to improve staff communication, technical and managerial skills.

Kwik-Fit is acquiring Speedy Europe, the tyre and exhaust chain with 568 outlets across Europe including 376 in France, from SMK of Canada for £105m.

Kwik-Fit is looking to expand its car parts business into other European countries, including Germany and Scandinavia, and has also announced plans to double the number of staff selling motor insurance in the UK.

Kwik-Fit has acquired an additional 45 outlets by buying three companies for £12.3m - Autospeed Tyre & Exhaust Centres, Manor Tyre Group, and Ebley Tyre Services.

Kwik-Fit is buying Tyre Sales (Birmingham), the operator of 43 repair centres, for £12m.