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News from Members Augsburg International sells a majority stake to SAG

Augsburg International sells a majority stake to SAG

by Popovici Nitu Stoica & Asociatii October 13, 2021

Website www.pnsa.ro

PNSA advised the owners of Augsburg International, one of Romania's most important independent auto parts distributors, on the sale of a 51% controlling stake to Autonet Group Holding, part of Swiss Automotive Group. The resulting group will continue to lead the auto spare parts market in Romania.

Augsburg International, an official distributor and a trusted partner of the most prestigious auto parts manufacturers, ranks top 4 in the Romanian aftermarket sector with a yearly revenue of approximately 120 million euros.

Autonet Group Holding 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). The group is the market leader in Romania, Hungary and Serbia.

PNSA M&A team was led by Bogdan C. Stoica (Partner) along with Claudia Salomia (Senior Associate), Ioana Lazar (Associate), as well as the competition colleagues Mihaela Ion (Partner) and Radu Cantar (Associate).

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