MotorK plans WebMobil24 acquisition to expand its European footprint
Category: #business  | By Nikita Chaurasia  | Date: 2022-06-21 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

MotorK plans WebMobil24 acquisition to expand its European footprint

MotorK Plc- a leading Europe-based SaaS producer for the automotive retail industry- has announced entering into talks to acquire WebMobil24, a Germany-based software firm of e-commerce platforms and provider of stock management services to OEMs and automotive dealers.

As per credible sources, WebMobil24 and MotorK are closely working together towards a fast completion of the transaction.

For the uninitiated, WebMobil24 has set up itself as a major player in the German automotive digital landscape due to its advanced offering which covers the complete spectrum of the requirements of inventory management.

Parallelly, the group has also formed Romoto.de, its own platform for used cars which is now being used by almost 10,000 dealers throughout Europe. The firm has its headquarters in Frankfurt and generated revenues equal to USD 2.1 million in 2021.

Reportedly, WebMobil24’s proposed acquisition complies accurately with the Group’s external strategy of growth and reflects the recent take-over of Carflow in Belgium.

Notably, this marks another decisive step in the formation of MotorK’s European footprint which will provide it a platform to grow by enhancing the reach in the DACH region. It will also offer a platform for acquisitive and additional growth.

As per reports, the acquisition will also accelerate its footprint in the German market as the firm’s well-established presence in Germany along with in depth market knowledge will offer powerful growth catalyst for the operations of MotorK.

Moreover, WebMobile24’s huge customer base reflects an exceptional opportunity to sell the SparK platform and offer users with an enhanced one-stop-shop software services, paving way for attractive revenue cross-sell prospects.

Marco Marlia, Chief Executive Officer and Co-Founder, MotorK stated that the team is thrilled to announce the exclusive negotiation with WebMobile24. The firm’s presence in Germany and its rooted knowledge of the market will assist MotorK to expand in Europe.

Furthermore, WebMobil24 will further increase its OEM reach, rooting the Group’s presence in the Europe’s market.

Source Credits: - https://www.businesswire.com/news/home/20220619005011/en/MotorK-Enters-Into-Exclusive-Negotiations-for-the-Acquisition-of-Webmobil24

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Vietnam extends COVID-19 vaccine coverage to 12 years old and above

Vietnam extends COVID-19 vaccine coverage to 12 years old and above

By Nikita Chaurasia

Pham Minh Chính, Prime Minister of Vietnam, is prompting the Ministry of Health and local authorities to amplify the administration of third and fourth COVID-19 vaccine doses for individuals aged 12 years and above. If sources are to be bel...

Samsung kickstarts chip production with 3nm process technology

Samsung kickstarts chip production with 3nm process technology

By Nikita Chaurasia

Samsung Electronics Co Ltd has reportedly declared that it has begun the mass production of chips using advanced 3-nanometre technology. The company is the first in the entire world to do so and is actively looking for new clients to contest with Tai...

Progcap nabs $40Mn in funding round for expansion & product development

Progcap nabs $40Mn in funding round for expansion & product development

By Nikita Chaurasia

Progcap, a pioneer in the field of corporate-driven financing solutions for small and medium-sized businesses (SMBs), has secured $40 million in private equity capital at $600 million valuation. The raised capital forms a part of the Series C exte...