AMA Group has sold its FluidDrive automotive transmission business in line with a strategy focusing on its collision repair and associated parts and consumables operations.

“The sale of FluidDrive ensures a pure focus for our supply business unit on the previously communicated strategy for the supply of genuine, reclaimed and aftermarket parts and collision repair consumables,” CEO Carl Bizon said.

“We wish the FluidDrive team well for the future under their new ownership and acknowledge their contribution to AMA Group.”

A third-party purchaser incorporated as Fluiddrive Pty Ltd is buying the business for a gross consideration of $2.45 million. The deal is expected to be completed by the end of the month subject to closing conditions.