Competition authority clears AutoWallis’s acquisition of Avto Aktiv
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The Slovenian competition authority has granted its approval for AutoWallis to purchase Avto Aktiv’s activities and real estate properties, according to a press release sent to the Budapest Business Journal.
A major automotive company in Slovenia, Avto Aktiv has been selling and servicing four vehicle brands in five cities for almost 20 years. This is the second acquisition in Slovenia by the automotive company, and it is currently investigating the opportunities for the sale of further brands in the Central European country alongside the established four vehicle brands.
According to the press release, the acquisition is an important milestone in the life of the AutoWallis Group, because Avto Aktiv’s revenue is significant even among earlier transactions and is close to 10%of the revenue the company expects to realize in 2021. In line with its growth strategy, the group is expanding its international Retail & Services Business Unit with the aim of becoming a major vehicle trading company and mobility service provider in the region.
Avto Aktiv, established in 2004, is a significant market player of the Slovenian automotive retail market, selling and servicing BMW, MINI, Toyota, and Suzuki (and is the exclusive authorized representative of the Mini brand) vehicles in five cities (Koper, Kranj, Ljubljana, Nova Gorica, and Trzin). In 2020, the company reported turnover of EUR 51 million, equal to almost HUF 18 billion, which it achieved through the sale of 960 new and 351 used vehicles and the related repair and other services.
In connection with the conclusion of the transaction, Péter Antal, head of AutoWallis’s Retail & Services Business Unit, said that the Distribution Business Unit is present in 14 countries, with Slovenia the first outside of Hungary where the company entered the retail market.
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