Four car salvage and dismantling firms have merged to create a £120m-turnover business.
Motorhog, Car Transplants, FAB Recycling and specialist software supplier DH Systems have merged as Synetiq.
The new company will have 16 licensed and accredited sites, employ some 400 people, have a fleet of more than 100 collection and delivery vehicles and capacity to process 100,000 vehicles a year.
Synetiq said it would have over 50,000 registered auction customers and sell more than 35,000 vehicles and 250,000 parts a year.
Richard Martin, Synetiq’s managing director, said “We are thrilled that Synetiq has been created to take the great work we did at Motorhog to another level. By combining the best of all our businesses, we can offer a fantastic solution to our clients and customers, and in doing so, help do our bit for the environment.”