The Czech Group EAG has acquired German Autrado. EAG focuses on software platforms for the car trade, while Autrado develops information systems for car dealers. The price of this acquisition has not been disclosed by the parties. This marks as the third acquisition of the group in the Central and Western Europe this year.
This
acquisition allows EAG to enter the German market. Before this acquisition EAG
was not active in Germany with their software solution division Omnetic. Other
than in Germany, Autrado is also present at the Austrian, Swiss, Danish and
BENELUX markets. EAG is also planning to take advantage of the new
possibilities offered by this acquisition, such as further expansion thanks to
their quality and flexibility.
Thanks to this acquisition the Omnetic platform offered by EAG reaches almost 8 000 corporate customers, including key retail chains of KIA, BMW, Hyundai or Mazda. These customers will have the opportunity to use both Omnetic and products offered by Autrado such as Cebia or FastBack.
The EAG Group closed 2023 with sales of 2,65 billion CZK and operating EBITDA of 265 million CZK and are aiming for even more profitable 2024.
Source: www.forbes.cz
Compiled by the Dutch team of CzechTrade