Holand Automotive Group acquires Romania's only Ferrari dealership
Deal News | Jan 20, 2025 | PR Newswire Cision Holand Automotive Group
On January 20, 2025, Holand Automotive Group, a prominent player in the luxury automotive retail industry and owner of several Ferrari dealerships in North America, announced a significant expansion into Europe by acquiring Forza Rossa, the only Ferrari dealership in Romania. This acquisition positions Holand Automotive to tap into the growing luxury market in Romania and neighboring European regions. Gad Bitton, CEO of Holand Automotive, highlighted Romania's strategic location and increasing wealth as key factors in this decision. Holand Automotive's portfolio already includes high-end franchise services like Ferrari Quebec, and this expansion into Bucharest marks a notable milestone in their ambition to grow globally. The Group, also known for owning Circuit Mont-Tremblant race track, seeks to bring premium automotive experiences and expertise to the Romanian market. Key personnel in this expansion include Bogdan Jambori, managing director for Europe, and Rocco Franze, senior sales assistant for North America.
Sectors
- Automotive Retail
- Luxury Goods
Geography
- Romania – The country where the acquired Ferrari dealership, Forza Rossa, is located.
- Canada – The home country of Holand Automotive Group, which is expanding into Europe.
- United States – Holand Automotive owns several luxury car dealerships in the United States.
Industry
- Automotive Retail – The acquisition involves car dealerships specializing in luxury vehicles, contributing to the automotive retail industry.
- Luxury Goods – The transaction focuses on high-end Ferrari vehicles, positioning it within the luxury goods sector.
Financials
- – The article does not specify the financial details of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Holand Automotive Group | Bidding Company | Company | A leading luxury automotive retailer based in Montreal, Canada, and acquiring Forza Rossa in Romania. |
| Forza Rossa | Target Company | Company | The only Ferrari dealership in Romania, being acquired by Holand Automotive Group. |
| Gad Bitton | President & CEO | Person | President and CEO of Holand Automotive Group, overseeing the European expansion. |
| Bogdan Jambori | Managing Director, Europe | Person | Managing Director for European operations at Ferrari of Bucharest. |
| Rocco Franze | Senior Sales Assistant, North America | Person | Responsible financial officer and senior sales assistant at Ferrari Quebec. |