VWE Automotive acquires AVN Group
| Target: | AVN Group |
| Seller: | AVN Group shareholders |
| Advisory sell side: | Yes Corporate Finance | M&A Advisory AKD | Legal Advisory Corporate M&A |
| Buyer: | VWE Automotive |
| Advisory buy side: | JSA Tax | Tax Advisory RSM | Financial Due Dilligence DeBreij| Legal Advisory Corporate M&A |
| Involved: | Newport Capital, Private equity |
| Date announced: | 2022-10-06 |
The Dutch car service provider VWE Automotive has acquired the AVN Group, a Dutch company active in car sales and remarketing, which uses a modern IT platform and offers various additional services.
Both companies operate in the same market but complement each other. Together VWE and AVN can better serve suppliers and buyers.
Source: MenA