OK Mobility Group, business group specialised in global mobility, has hit the accelerator in their M&A expansion plan and has bought French company MC Automobiles. This is one of the top five main companies dedicated to selling used cars to wholesalers in France.
The close commercial relationship that OK Mobility Group and MC Automobiles have shared for more than 12 years has allowed this acquisition to take place. Othman Ktiri, CEO of OK Mobility Group 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.
“This acquisition does not suppose any strategic change for OK nor for MCA in the distribution of our vehicles. Instead this is a natural movement with which we aim to continue striving for efficiency and establishing synergies”. In this regard, Ktiri affirms that “we are not going to modify our commercial policy nor change customers. On the contrary, the MCA team, who are very familiar with B2B sales at both commerce and administration level, as well as the two logistical centres located in Cahors, in the South of France, and Criel, in the North, will become valuable assets which will allow us to get even closer to our customers and offer them a better service”.
60 year old Marc Carlin, founder of MC Automobiles will continue to be linked with the company as a Manager. Carlin states that he feels proud that the company that he founded will be taken over by “one of the main European mobility groups”. “After 30 years leading the company, I am delighted to pass the baton to the mobility company with the greatest projection in Europe. This is a great opportunity for MCA and their employees, customers and providers”, added Carlin.
With this acquisition, OK Mobility Group goes one step further in the integration of their business model via the consolidation of their used cars sales channel in Europe.
This is a historical milestone for the group, 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.
