Japan-based Optimus Group has announced it has entered into an agreement to acquire Autopact, one of Australia’s largest privately owned dealership groups.
Autopact operates 28 dealerships, representing 35 brands, in Queensland, New South Wales and Victoria and services the volume, premium, luxury and commercial vehicle segments.
According to GlobalData’s deals database, Optimus Group, which is headquartered in Japan and listed on the Tokyo Stock Exchange, notes that completion of the deal will expand the company’s footprint in the Australian market and align with its global strategic direction.
Positioned for growth
The acquisition allows Optimus Group to accelerate its strategy of growth within the Australian automotive retail landscape and will position the company to support its OEM partners in expanding, especially with the growth in the EV segment.
Once completed, this agreement represents the expansion of the company’s footprint in the Australian market.
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According to official new car sales results from the Federal Chamber of Automobile Industries (FCAI), 110,702 vehicles were registered in September – up 18% from 2022 and a new record. Analysts say that market prospects are highly positive in Australia, with electrified vehicles also set for rapid growth.
Currently, Optimus Group has automotive investments in Australia covering automotive data, automotive logistics and automotive retailing.
Optimus Group president Nobuya Yamanaka said in a statement: “Our planned acquisition of the Autopact business will provide the opportunity to expand our route to market into Australia in line with the growth ambitions and strategic direction of the group.”
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