Siuma Capital Latin America’s Post

🚨🚗 contrast competition update – Acquisition of Porsche Centre East-Flanders by D’Ieteren approved by Belgian Competition Authority subject to behavioural commitments On 10 June 2024, the Belgian Competition Authority (BCA) approved the acquisition of the official Porsche dealer Porsche Centre East-Flanders by D’Ieteren subject to certain behavioural commitments. D’Ieteren is the official importer of new Porsche vehicles and original spare parts for Belgium. At the same time, D’Ieteren is also active downstream as it owns 6 (out of 9) locations of the official Porsche network in Belgium. By acquiring the Porsche Centre East-Flanders, D’Ieteren now owns 7 locations. The BCA had raised serious concerns as to the proposed acquisition, because of a risk of (i) reduced competition in some local catchment areas for repair and maintenance services and (ii) input foreclosure of independent dealers. In response to these concerns, D’Ieteren made the following behavioural commitments, to which it must adhere for 10 years: 1. Safeguards regarding existing and new approvals of Porsche sales and/or after-sales outlets 2. The implementation of Chinese walls for commercially sensitive information relating to Porsche between the import and retail divisions of D’Ieteren 3. A general non-discrimination obligation on the part of D’Ieteren towards independent dealers 4. A commitment to voluntary notify to the BCA any future acquisitions of remaining official Porsche dealers even if such acquisitions were to fall below the applicable turnover thresholds. Questions? Contact our competition partner Herlinde Burez and senior associate Laura Sente, or your usual contact at contrast. #competitionlaw #mergercontrol #belgiancompetitionauthority #contrastupdate

It's official! Sojitz Corporation has taken the wheel in Panama's automotive market by acquiring full ownership of Silaba Motors S.A. 🎉 With this move, the Japanese company is revving up its presence in Central and South America, recognizing Panama's potential as a key economic center and distribution hub in the region. Silaba Motors, known for its one-stop service offerings and impressive sales record, operates eight dealerships across Panama, catering to a growing market fueled by population growth and economic development. Facts over feelings: This acquisition is a testament to investors' confidence in Panama's promising automotive sector (or any sector) and its role in the country's continued economic expansion. Investors believe in what Panama has to offer and Sojitz's strategic investment is a clear signal of their commitment to driving growth and innovation in the region's automotive industry. Buckle up for exciting times ahead! Want to be part of this? Let's chat: https://lnkd.in/en6uhXST 🌟 #investmentopportunity #panama #logisticssolutions #businessopportunity https://lnkd.in/eubDcyeT

At Panamex, we have learned that achieving our goals typically hinge on the following points: 1. Vision: Clearly Define What You Want 2. Strategy: Develop a Solid Plan 3. Execution: Take Consistent Action By putting these three key points into practice, we create a clear pathway for the entire team towards achieving our goals.  Food for thought...good selling! #panamex #fmcg #fmcgindustry #consumergoods #consumergoodsindustry #distributions #export #exportbusiness #shipping #shippingworldwide #business #globalmarket #australia #newzealand #pacificregion #indianocean #caribbean #usa #goals #businessgoals #goalsinlife #goalsetting #goalsachieved

We are delighted to announce a strategic partnership with OMODA UK and JAECOO UK, as part of their much-anticipated entry into the UK automotive market.   Within a one bank solution drawing on BNP Paribas’ combined expertise and capabilities, BNP Paribas Personal Finance UK will provide consumer finance, and Arval BNP Paribas Group UK will offer fleet and contract management services, enabling OMODA & JAECOO UK to support UK customers and dealers with a full range of flexible finance solutions.    BNP Paribas has developed strong relationships with original equipment manufacturers (OEMs) across the world and the development of this partnership in the UK supports its strategy of supporting OEMs across multiple markets.    Stephen Hunt FCA, CEO of BNP Paribas Personal Finance UK, said: “We have built a business that is focused on building strong partnerships and it is an exciting time as we push further into the UK automotive market. With this expansion of our motor finance solutions into the new car sales segment, this partnership with a fast-growing OEM is the first of its kind for the UK and forms part of BNP Paribas Personal Finance’s wider ambitions to further establish itself as a leading provider of finance solutions in the automotive market in the UK and across all major European markets.”   Find out more in our latest press release: https://lnkd.in/efz56-im   #motorfinance #automotivenews #carnews #partnership

: 🚗 Big Moves in the Auto Industry 🛠️ CIAK Grupa, the leading Croatian car parts distributor, expands further with the acquisition of Slovenia's STAHLGRUBER trgovina d.o.o. and Bosnia's SiM Impex d.o.o. from LKQ Europe. STAHLGRUBER's deal is sealed, while SIM IMPEX awaits regulatory nod. Stay tuned for more updates! #AutomotiveNews #BusinessExpansion #CIAKGrupa

Spent couple of days with naamsa | The Automotive Business Council ,having celebrations of the 100 years of South African automotive industry. National Association of Automobile Manufacturers of SA (Naamsa ) drives economic transformation and sustainable development in South Africa through its strategic initiatives. As a significant economic sector, the automotive industry enhances daily life through its diverse products and services. Members of NAAMSA produce essential goods that facilitate transportation, commerce, employment, community development, and economic growth. The industry contributes 4.3% to the country’s GDP, with manufacturing accounting for 2.4% and retail 1.9%. It represents 17.3% of manufacturing output and is the fifth-largest exporting sector, accounting for 12.5% of total exports. The industry exports to 152 global markets and supports a substantial workforce, employing over 110,000 in manufacturing and approximately 457,000 across the formal sector, driven by its substantial multiplier effect. #SAAutoweek some OEM”s already celebrates an excess of 100yrs, 70+ years and 60 years of service, doing business and manufacturing locally, for local and international sales!!

Kaisa Üksik, Head of Competition Law Practice Group at WALLESS in Estonia, explains the sales and competition rules in relation to the allegations made by the Piaggio Group, a prominent Italian motorcycle manufacturer, against an Estonian reseller with whom cooperation was terminated. If a supplier (manufacturer) opts to use resellers for product distribution, competition rules allow the supplier to impose resale restrictions in certain cases. This can be done through exclusive or selective distribution systems, which provides more control over product sales. However, these restrictions do not fully protect the supplier from parallel trade, which is rooted in the principle of free movement of goods. A more detailed overview by Kaisa Üksik can be found in Ärileht (in Estonian): https://rb.gy/xew4cz #competitionlaw #supplychain

Mexico: +15.09% in foreign direct investment for the auto parts sector in the first half of 2024, with 1,634 million dollars and production reached 63,336 million dollars. Germany leads as the country of origin of FDI with a share of 47.3%, followed by Japan (20.2%) and South Korea (11%), during the first half of 2024. The main destinations of investment are: the State of Mexico (16.95%), Chihuahua (13.59%), Querétaro (11.16%), Guanajuato (11.14%) and Coahuila (11.08%). Mexico remains the main supplier of auto parts to the United States, with a share of 43%. More info about investments in Mexico at https://lnkd.in/g-rfDqsE

🌍 IAMaga Talks with bilstein group 🌍   We are thrilled to present our latest discussion with Michael Steck, Regional Sales Director Middle East / Africa at Ferdinand Bilstein GmbH + Co.KG. Discover how the bilstein group adapts its portfolio for the diverse African aftermarket, supports local initiatives, and shares its vision for the future. ▶ 𝗖𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗲𝘅𝗮𝗺𝗽𝗹𝗲𝘀 𝗼𝗳 𝗵𝗼𝘄 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝘀 𝗶𝘁𝘀 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀, 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀, 𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗮𝗹𝗶𝗴𝗻 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝘂𝗻𝗶𝗾𝘂𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗺𝗮𝗿𝗸𝗲𝘁? - The structure of the African Independent Automotive Aftermarket (IAM) is highly diverse. Whereas the spare parts business in South Africa is quite similar to the Western hemisphere, the markets in Maghreb, East and West Africa require a different and more tailored approach. Local technical, marketing and sales staff (of the bilstein group) adapt their services to each market’s needs, including portfolio information, social media interaction and the technical promotion of our brands - febi, SWAG and Blue Print - at retail and workshop level. In addition, we find a comparatively aged vehicle parc combined with limited funds for general maintenance and repair. With the bilstein group, our partners in Africa can choose from over 70,000 references for Passenger Cars, LCVs and Commercial vehicles, priced to fit the age of the vehicle.   ▶ 𝗜𝗻 𝘄𝗵𝗮𝘁 𝘄𝗮𝘆𝘀 𝗱𝗼𝗲𝘀 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗮𝗻𝗱 𝗲𝗺𝗽𝗼𝘄𝗲𝗿 𝗹𝗼𝗰𝗮𝗹 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗼𝗿𝘀 𝗶𝗻 𝗔𝗳𝗿𝗶𝗰𝗮 𝘁𝗼 𝗲𝗻𝗵𝗮𝗻𝗰𝗲 𝘁𝗵𝗲𝗶𝗿 𝗰𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗱𝗿𝗶𝘃𝗲 𝗺𝘂𝘁𝘂𝗮𝗹 𝗴𝗿𝗼𝘄𝘁𝗵? - The IAM in several African countries is still under the constraints of the vehicle industry. The absence of Right-to-Repair and subsequent limited access to vehicle repair information is harming the IAM’s development. By supporting legal initiatives, providing necessary information to all stakeholders in the distribution chain, building technical competence and data management skills we can help support, develop and drive growth across the region.   ▶ 𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗮𝗵𝗲𝗮𝗱, 𝘄𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝘀𝗲𝗲 𝗮𝘀 𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗴𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗮𝗳𝘁𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁? - The rapid population growth and increasing levels of motorization offer excellent opportunities for growing business in Africa. This is, however, not just limited to cars, but to two and three-wheelers as well. The rapid development of Asian, particularly Chinese, vehicle imports demand a different R&D approach and a Re-Thinking of the existing Supply Chain model. For both areas, the bilstein group has initiated strategic projects to maintain and grow our footprint across Africa #IAMagaTalks #bilsteingroup #IAMaga #Africa #NexusAutomotive

A ton of companies are expanding into Mexico right now. Manufacturers and distributors are setting up shop in Mexico. Brokerages and 3PLs are opening offices in either Monterrey, Guadalajara, or Mexico City. New carriers are springing up at the border on a weekly basis, adding capacity to a growing cross-border network. I've been writing a ton about all this #nearshoring and growth in Mexico (you can read about all of it at mattsilver.substack.com) but I'm curious: 👉🏻 If you're involved in cross-border Mexico freight, how did you get your start? I wrote about how I got my start here: https://lnkd.in/giz774FX And I wrote about expanding to Mexico here: https://lnkd.in/gAFKrQgd