The competition authority clears the acquisition of Avto Aktiv by AutoWallis
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The Slovenian competition authority has cleared AutoWallis to buy the activities and real estate of Avto Aktiv, 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 makes of vehicles in five cities for almost 20 years. This is the second acquisition in Slovenia by the automaker, and it is currently exploring sales opportunities for other brands in the central European country alongside the four established vehicle brands.
According to the press release, the acquisition is a milestone in the life of the AutoWallis group, as Avto Aktiv’s revenue is significant even among previous transactions and represents almost 10% of the revenue the company expects to achieve. in 2021. In accordance with its growth strategy, the group is expanding its Retail & Services Business Unit internationally with the ambition of becoming a major player in the trading of vehicles and mobility services in the region.
Avto Aktiv, established in 2004, is a major player in the Slovenian automotive retail market, selling and servicing BMW, MINI, Toyota and Suzuki vehicles (and is the exclusive authorized representative of the Mini brand) in five cities (Koper, Kranj, Ljubljana, Nova Gorica and Trzin). In 2020, the company achieved sales of 51 million euros, or nearly HUF 18 billion, which it achieved through the sale of 960 new vehicles and 351 used vehicles and service services. repair and other related services.
As part of the closing of the transaction, PÃ©ter Antal, Head of the Retail & Services Business Unit at AutoWallis, stated that the Distribution Business Unit is present in 14 countries, with Slovenia being the first outside of Hungary where the company entered the retail market.
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