The agreement on the acquisition of the rights for Romania was already concluded last December and has now been expanded to include Moldova, meaning the number of countries covered by the Hungarian group has grown to 17.
The transaction has already been approved by the competition authorities of the two countries.
Under the agreement, the distribution rights for Nissan will be acquired by AutoWallis Caetano Zrt., equal shares of which are owned by the two companies, and the cooperation also extends to Nissan’s range of light commercial vehicles (LCVs). In Romania, sales will be launched through a dealer network of 20 locations, while spare parts will be available in 26 locations.
Regarding the agreement, AutoWallis CEO Gábor Ormosy said that with this step, the company is continuing to expand its range of cooperation with its partner, the Salvador Caetano Group, and it also means yet another milestone for AutoWallis.
The CEO pointed out that this step also contributes to achieving the targets set in AutoWallis’s growth strategy, based on which AutoWallis may, through organic growth in addition to regional expansion, business developments, and acquisitions, double its 2023 revenue figures and EBITDA profits by 2028.
Sérgio Riberio, CEO of Salvador Caetano Group responsible for Global Automotive Distribution, added that the agreement involving Romania and Moldova is yet another step in the partnership between Salvador Caetano and Nissan and in the realization of their expansion plans in Europe.
The cooperation between AutoWallis and the Salvador Caetano Group is an excellent opportunity to continue to strengthen their strategy and to contribute to the revival of the Nissan brand in these two countries.
Vice president of Independent Nissan Sales Company Charbel Abi Ghanem welcomed the agreement, adding that both AutoWallis and the Salvador Caetano Group have extensive experience on both countries’ markets while also regularly achieving outstanding results as importers as well as in the areas of customer service and customer satisfaction.
He also emphasized that the jointly owned company is perfectly aligned with Nissan’s targets as a brand, under which they want to deliver their best and latest products to Romania and Moldova.
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