WebApr 4, 2024 · In January, Inchcape and CATS agreed to enter into a joint venture. Under the agreement, Inchcape will take a 60% controlling stake in CATS as the foreign group expands its global footprint. The founding Ang family will retain the remaining 40% of the company. WebJan 17, 2024 · Inchcape, an independent multi-brand global car distributor, has acquired a controlling stake in the Philippine Mercedes-Benz distributor CATS—a deal that is expected to close in the second half of 2024 with the …
Inchcape takeover of CATS Group controlling stake remains on …
WebJan 23, 2024 · Inchcape will power CATS to the next step in its journey, bringing global scale across more than 40 markets, leadership in digital and data and EV expertise to the fast growing and dynamic Philippine market where automotive sales are forecast to grow to 500,000 by 2026 with the luxury market expected to grow at an even stronger rate. WebJan 18, 2024 · Ruslan Kinebas, Inchcape’s chief executive for Asia-Pacific, said the joint venture would be able to effectively compete in the EV market in the Philippines, given its portfolio of OEMs (original equipment manufacturer). Inchcape on Tuesday announced that had signed an agreement to acquire a controlling stake in CATS. how to remove filmora watermark for free
CATS Group enters into joint venture with UK-based company
WebJan 17, 2024 · Inchcape will power CATS to the next step in its journey, bringing global scale across more than 40 markets, leadership in digital and data and EV expertise to the fast … WebInchcape is headquartered in London, Greater London, the UK. Gain a 360-degree view of Inchcape plc and make more informed decisions for your business Unlock full profile Headquarters United Kingdom Address 22a St. James's Square, London , England, SW1Y5LP Website www.inchcape.com Telephone 44 20 75460022 No of Employees 14,500 … WebJan 19, 2024 · The joint venture marks Inchcape’s entry into the country and is seen to create a stronger CATS, which is the distributor for Mercedes-Benz, Chrysler, Jeep, Dodge, Ram, Jaguar, and Land Rover in the Philippines. It also has dealerships for Mazda and Harley Davidson motorcycles. how to remove filmora watermark free 2022