Inchcape has acquired Mercedes-Benz’s Indonesian business with Inchcape’s local partner, Indomobil.
The move is part of the group’s strategy to become the distributor of choice for carmakers.
Inchcape now has just two retail businesses in the UK and Poland following the sale of its retail arm in Russia and Australia.
The deal will expand Inchcape’s existing distribution footprint in Indonesia, continuing to build on its well-established and growing presence in the APAC region.
It will also strengthen Inchcape’s relationship with Mercedes-Benz, following a number of distribution contract wins in the Americas region in recent years, as well as in the Philippines (announced earlier this year).
Ruslan Kinebas, CEO Inchcape APAC, commented: “This acquisition is another good example of Inchcape’s role as the partner of choice for OEMs as they work to optimise their global operations.
“The deal continues Inchcape’s strong momentum in the APAC region, which is underpinned by an attractive pipeline of opportunities both in markets which are new to Inchcape and where we have established operations.”