Autonet Group Holding (AGH) is joining forces with Augsburg International (AI) to strengthen its position in the Central and Eastern Europe regions
Cham (CH), 8. October 2021
Shareholders of AGH, an integral part of the SAG group, ranked fifth in the European aftermarket sector, have reached an agreement with AI, one of Romania's most important independent auto parts distributors. According to the agreement, AGH acquires a majority stake in AI. As a result, AGH owns a 51% stake, while AI's current shareholders will retain 49%. Due to this alliance, the SAG-AGH group gains two positions in the European top of spare parts distributors. AIR and AI will maintain their separate brands, operating in parallel, continuing their activity as before and addressing the same customer groups.
Both companies have been operating on the Romanian market for more than 25 years, sharing a number of common characteristics: a similar business model, the same values and a similar organizational culture. AGH and AI will continue to be top employers, both in terms of their current teams and with regard to their future employees.
“This year, we have been able to take an important step towards the consolidation of the AGH through a new partnership that makes us very proud: we have joined forces with AI, Romania's fourth biggest player in the auto aftermarket segment. As a result, AGH is already present in five countries with 14 companies.”, said Mihály Lieb, AGH founder and shareholder.
“We are confident about the future of mobility in our country; within the next ten years the motorization index will improve significantly in countries where AGH is present and we will do our utmost to capitalize on this trend, for the benefit of our company and our partners.”, added Mr. Lieb.
“Analyzing the future of the European automotive market and the challenges that emerge in our sector, AI's alliance with AGH was only a matter of time. We have been competitors for more than 25 years on the Romanian market, but we have always shared common values. These shared values and a similar business model have enabled this collaboration, of which we are extremely proud and look forward to with optimism.”, stated Marius Constantinoiu, AI founder and shareholder.
“Together, under the Swiss SAG Group umbrella, we will be one of the important competitors on the European market. This position will bring an increase in value for both companies, our colleagues and customers. I look forward to the opportunities that this new context will bring, continuing to operate as an independent company and at the same time, as a member of a European family.”, added Mr. Constantinoiu.
The completion of the transaction is contingent on the receipt of all the necessary approvals from the regulatory authority.
Autonet Group Holding (AGH) is one of the most important players in the automotive aftermarket sector in Central and Eastern Europe, with operations in five countries (Romania, Hungary, Slovenia, Slovakia and Serbia) and a total of 13 companies. The group is the market leader in Romania, Hungary and Serbia. In Romania, AGH has two main brands, Autonet Import and Lubexpert Romania. AGH is part of the Swiss Automotive Group (SAG) which, as a result of this new alliance, ranks fifth among Europe's most important automotive aftermarket distributors, with a total revenue of €1.3 billion in the 13 countries where it operates through a network of 31 companies.
Augsburg International (AI) ranks 4th in the Romanian aftermarket sector with a yearly revenue of 117 million euros (2020) and it was established 25 years ago by Marius Constantinoiu. AI is an official distributor and a trusted partner of the most prestigious auto parts manufacturers. Over 600 employees ensure the highest standards for the well-structured business units, such as import and wholesale distribution of spare parts, mechanics and bodywork, service equipment, fleet management services for both cars and commercial vehicles. AI benefits from a modern infrastructure of warehouses and distribution. Aside from the central warehouse with a surface of 20 000 square meters, AI provides national coverage through its 36 regional warehouses.
Blu Capital Partners (BCP), transactions consultancy office, managed by Tudor Mafteianu, has acted as an exclusive consultant for the AI shareholders, Marius Constantinoiu and Gina Iordache, in structuring, negotiating and the implementation of the transaction with the selected investor, the Swiss Automotive Group.
Autonet Import SRL
+40 261 807 861