By Ilaria Grasso Macola Halfords has bought commercial tyre firm Lodge Tyre for £37.2m in cash, the motoring services retailer announced today. The London-listed company will pay an initial £33.2m while a further £4m will be paid in FY25 depending on performance. “The acquisition of Lodge Tyre is yet another example of Halfords’ strategic aim of becoming a motoring services-focused business, and will mean that Motoring accounts for over three quarters of our total revenue,” commented Halfords chief executive Graham Stapleton. The takeover will in fact take Halfords garage services business to …