Since being acquired by OK Mobility one year ago, French company MC Automobiles has gained significantly more customers, both in France and in other European countries. This merger has also allowed them to generate new growth and innovation business strategies, taking advantage of the mobility group’s European scope.
MC Automobiles have had a positive balance in this first tax year.Marc Carlin, former Company founder and current Manager stated that this is because, “belonging to OK Mobility, the mobility company with the most international projection in Europe, has allowed us to obtain greater visibility, improve our position on the European automotive market and boost our brand image”.
Thanks to OK Mobility’s support, the French Company have also continued to have a constant supply of vehicles, despite the shortage of second-hand vehicles, allowing them to respond to their customers’ mobility needs.
OK Mobility’s CEO, Othman Ktiri, has expressed his satisfaction with the results achieved this first year and assures that “both companies’ experience and know how have allowed us start working together quickly and effectively, and to form synergies to get closer to our customers and offer them a better service”. In this regard, Ktiri states that “making the decision to acquire this Company at a time of great global and economic uncertainty, and seeing the results now, demonstrates the potential of our disruptive business model once again, consolidating our second-hand vehicle sales channel in Europe”.
Following the purchase of MCA, OK Mobility have helped the French Company to continue operating, striving for growth and boosting the position that they have held for 30 years, making them one of the five main companies dedicated to the sale of second-hand vehicles to wholesalers in France, reaching 4000 vehicles sold each year and invoicing more than 50 million Euros in the 2020 tax year.
MC Automobiles was the firstM&A acquisition made by the mobility group, a part of their#OKOnTheRoad plan. This is an expansion and growth plan which anticipates further acquisitions in the future. In fact, OK Mobility are currently negotiating with various targets.
