Shareholders of AGH, an integral part of the SAG group, ranked fifth in the European aftermarket sector, have reached an agreement with AI, one of Romania’s most important independent auto parts distributors. According to the agreement, AGH acquires a majority stake in AI. As a result, AGH owns a 51% stake, while AI’s current shareholders will retain 49%. Due to this alliance, the SAG-AGH group gains two positions in the European top of spare parts distributors. AIR and AI will maintain their separate brands, operating in parallel, continuing their activity as before and addressing the same customer groups.
Both companies have been operating on the Romanian market for more than 25 years, sharing a number of common characteristics: a similar business model, the same values and a similar organizational culture. AGH and AI will continue to be top employers, both in terms of their current teams and with regard to their future employees.
Autonet Group Holding (AGH) 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) and a total of 13 companies. The group is the market leader in Romania, Hungary and Serbia. In Romania, AGH has two main brands, Autonet Import and Lubexpert Romania. AGH is part of the Swiss Automotive Group (SAG) which, as a result of this new alliance, ranks fifth among Europe’s most important automotive aftermarket distributors, with a total revenue of €1.3 billion in the 13 countries where it operates through a network of 31 companies.
Augsburg International (AI) ranks 4th in the Romanian aftermarket sector with a yearly revenue of 117 million euros (2020) and it was established 25 years ago by Marius Constantinoiu. AI is an official distributor and a trusted partner of the most prestigious auto parts manufacturers. Over 600 employees ensure the highest standards for the well-structured business units, such as import and wholesale distribution of spare parts, mechanics and bodywork, service equipment, fleet management services for both cars and commercial vehicles. AI benefits from a modern infrastructure of warehouses and distribution. Aside from the central warehouse with a surface of 20 000 square meters, AI provides national coverage through its 36 regional warehouses.
Swiss Automotive Group 08.12.2021