The competition authority has approved the Slovenian transaction of AutoWallis: the company
can become the owner of Avto Aktiv
Budapest, January 5, 2022 – The Slovenian competition authority has authorized AutoWallis to take over the activities and real estate of Avto Aktiv. A major car manufacturer in Slovenia, Avto Aktiv has been selling and servicing 4 makes of vehicles in 5 cities for almost 20 years. This is the second acquisition in Slovenia by the Budapest Stock Exchange car company, and it is currently exploring sales opportunities for other brands in the central European country alongside the 4 established vehicle brands.
The Slovenian competition authority has approved the Avto Aktiv transaction, ie AutoWallis Plc. can become the owner of the activities and related real estate of the main Slovenian automobile company. This fulfills an important condition of the transaction, allowing the company listed in the Premium category of the Budapest Stock Exchange to further strengthen its position in the regional market. The acquisition is an important step in the life of AutoWallis
Group, as Avto Aktiv’s revenue is significant even among past 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. This is not AutoWallis’ first acquisition in Slovenia: in 2020, the company completed the takeover of the country’s largest BMW dealership, and the only one in Ljubljana, which also marked the group’s entry into the market. Slovenian car retail market. In addition, the group is also the exclusive authorized representative of the Opel, Jaguar and Land Rover brands in the Slovenian market.
Avto Aktiv, established in 2004, is an important 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, Péter Antal, Retail manager of AutoWallis
- The services business unit, said the distribution business unit has a presence in 14 countries, with Slovenia being the first outside of Hungary where the company has entered the retail market. After the conclusion of this new Slovenian acquisition, the company plans to make the most of the opportunities for synergies between the two players and to use its capitalization to further develop its presence in the Slovenian market, which is why it continues to examine new possibilities for acquisitions in the country.
AutoWallis Plc., A company listed in the Premium category of the Budapest Stock Exchange, as well as the BUX and BUMIX indices, aims to become a major vehicle trading company and provider of mobility services in the Central European region and Eastern by the end of the decade, expanding its automotive investment portfolio through business developments and acquisitions. The AutoWallis Group is present in 14 countries in the Central and Eastern Europe region (Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia), where it is engaged in the retail and wholesale of vehicles, parts and accessories, repair and maintenance services, as well as short and long term vehicle rental. The brands represented by the Group include BMW, Dacia, Isuzu, Jaguar, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, SsangYong, Suzuki and Toyota, as well as