In line with the growth targets announced in its strategy, the AutoWallis Group, listed on the Prime Market of the Budapest Stock Exchange, is continuing to strengthen its regional position after concluding an agreement with Nissan Europe together with the Salvador Caetano Group on acquiring the exclusive distribution rights to the Japanese brand in Romania and Moldova. 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 and yet another brand has been added to the brands represented by AutoWallis’s Distribution Business Unit. 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, as Moldova increases the number of countries it covers to 17. 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 of the 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.

This agreement continues to grow AutoWallis’s regional presence: together with the transactions announced in recent months, the Group will represent 29 brands in 17 countries. As part of the expansion, AutoWallis announced in May that they, also together with the Salvador Caetano Group, acquired the distribution rights for the Chinese XPENG brand, a manufacturer of innovative electric vehicles, in Hungary, Slovenia, and Croatia. After that, in June AutoWallis announced that it secured the exclusive distribution rights for the electric NIO brand in the highest potential EV markets of the region, including Hungary, Austria, Czechia, Poland, and Romania.

About AutoWallis

Listed on the Prime Market of the Budapest Stock Exchange and the BUX and BUMIX indices, AutoWallis is the leading integrated car and mobility service provider in the Central and Eastern European region. It is important for the company to continuously expand its portfolio of automotive retail and mobility services, through organic and acquisition growth and to operate as a classic, conservative group with a business policy in line with ESG values and sensitive to social and environmental challenges. AutoWallis is present in 17 countries of the Central and Eastern European region (Albania, Austria, Bosnia and Herzegovina, Czech Republic, Bulgaria, Croatia, Greece, Hungary, Kosovo, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia) with wholesale and retail motor vehicle and parts distribution, service, short-, and long-term car rental. Brands represented by the AutoWallis’  Distribution Business Unit include Alpine, BYD, Dacia, Farizon, Isuzu, Jaguar, KGM, Land Rover, MG, NIO, Nissan, Opel, Renault, Saab aftermarket, and XPENG, the brands represented by the Retail Business Unit include BMW cars and motorcycles, BYD, Dacia, Ford, Isuzu, Jaguar, KGM, KIA, Land Rover, Maserati, Mercedes-Benz, Mercedes-Benz Trucks, MINI, Nissan, Opel, Peugeot, Renault, Suzuki, Toyota, JoAutok.hu and AUTO-LICIT.HU, while the Mobility Services Business Unit is present on the Hungarian market with the brands wigo carsharing, wigo fleet, Sixt rent-a-car.

www.autowallis.com | www.facebook.com/AutoWallis | www.linkedin.com/company/autowallis

About Salvador Caetano

Salvador Caetano Group is an international group dedicated to the automotive industry and sector, present in 3 continents, in more than 45 countries and with more than 9,000 employees. Founded in 1946, the Salvador Caetano Group has more than 75 years of experience and currently has more than 100 companies established in Europe, South America, and Africa, in the following business areas: Industry (automobiles, buses and aeronautics), automobile import and distribution, mobility, industrial equipment, workshops and services.

www.salvadorcaetano.pt

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