ADVISED ON SALE OF COMPANYAutomotive
Acquired 100% of Business Operations
Since the establishment in 1998, Auto Milovanovic has positioned itself among leading distributors of automotive spare parts and equipment for passenger and light commercial vehicles in Bosnia and Herzegovina. With annual turnover of EUR 18 million, the company has 210 employees in 20 business units across B&H.
The company has been present on the market for many years and has a well-established distribution network, portfolio of several thousands of customers and a product range of 80,000 spare parts for passenger cars.
Through sister companies which are also the subject of the transaction, Auto Milovanović is also present on the markets of Serbia and North Macedonia.
- Strong market position in Bosnia and Herzegovina and with increasing footprint in Serbia and North Macedonia.
- Strong relationship with workshops and high customer loyalty.
- New central warehouse in Banja Luka and wide private label portfolio.
With 20 years of experience in the world of car parts in the Croatian and neighbouring markets, CIAK Auto is among the largest distributors of car parts and equipment. The company offers over 1,500,000 items for passenger and commercial vehicles, which includes a wide array of oils and lubricants, tires, car equipment, and car batteries. CIAK Auto is a member of AD International, a group that brings together over 500 wholesale distributors from 33 countries. The company has more than 1400 employees and annual turnover of EUR 130 million.
Taking into account the core activities of CIAK Group, the acquisition of Auto Milovanović d.o.o. and its sister companies is a step forward to strengthen CIAK Group’s portfolio. With this transaction, CIAK Group becomes of the leading companies in the segment of independent aftermarket in B&H, strengthens its position and network of business units in the Serbian market, and opens a completely new market in North Macedonia in the independent aftermarket division.
IMAP SEE was the exclusive transaction advisor to the owners of Auto-Milovanović doo in the sale of majority share in the Company.