OK Mobility Group, the business group specialised in global mobility, continues to make progress in our M&A expansion plan with the acquisition of the French company MC Automobiles, one of the main companies dedicated to selling used cars to wholesalers in France.
We have had a close commercial relationship withMC Automobiles for 12 years, which has allowed this acquisition to take place. Our CEO Othman Ktiri therefore responsibly takes on the mission of continuing MC Automobiles’ activities, aiming to help the French company to grow, and respecting the values and foundations that have made MCA position themselves for 30 years, among the top five leading companies in B2B sales in France, achieving 4000 vehicles sold each year and billing more than 50 million Euros in the 2020 tax year.
60 year old Marc Carlin, founder of MC Automobiles will continue to be linked with the company as a Manager.
With this acquisition, we go one step further in the integration of our business model via the consolidation of our used cars sales channel in Europe., because this is the first acquisition that OK Mobility Group have completed in their extensive global growth strategy drafted in 2020, which aims to meticulously explore different strategic alternatives to promote future business development,alongside Swiss bank UBS.