Holand Automotive Group Expands with Ferrari Dealership in Bucharest
Deal News | Jan 20, 2025 | PR Newswire Cision Holand Automotive Group
Holand Automotive Group, renowned for its luxury automobile retail operations, marks a significant milestone with the acquisition of Forza Rossa, the exclusive Ferrari dealership in Romania. This strategic move expands Holand's presence into the European market, enhancing its global footprint in the luxury automotive sector. The acquisition is part of Holand's objective to deliver superior customer experiences and leverage Romania's burgeoning wealth and strategic location in Europe. Led by CEO Gad Bitton, the group sees Romania as a promising landscape for luxury automotive growth, offering access to key European markets. Headquartered in Montreal, Holand operates a diverse portfolio of ultra-luxury franchises, including Ferrari Quebec, Ferrari of South Bay, and others, across Canada, the US, and now Europe. This acquisition underscores Holand Automotive Group's ambition to maintain its leadership and excellence in the luxury automotive industry.
Sectors
- Automotive
- Retail
Geography
- Romania – The country where the Ferrari dealership is located.
- Canada – Holand Automotive Group is headquartered in Montreal, Canada.
- United States – Holand Automotive Group operates several luxury car franchises in the US.
Industry
- Automotive – The article discusses the acquisition of a Ferrari dealership, which falls under the automotive industry, specifically luxury car retailing.
- Retail – The transaction involves the expansion of retail operations concerning the sale of ultra-luxury vehicles.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Holand Automotive Group | Buyer | Company | A leading luxury automobile retail company based in Montreal, Canada, expanding its operations into Europe. |
| Forza Rossa | Target Company | Company | The exclusive Ferrari dealership in Romania acquired by Holand Automotive Group. |
| Gad Bitton | CEO | Person | Chief Executive Officer of Holand Automotive Group, leading the European expansion. |