Inchcape Plc the leading independent multi-brand global automotive distributor today announces an agreement to enter into a joint venture with CATS Group of Companies , the leading distributor of luxury vehicles in the Philippines, including the acquisition by Inchcape of a controlling stake in CATS.
Since 2004, CATS has been a distributor for Mercedes-Benz, Chrysler, Jeep, Dodge and Ram. In 2017, it became the Jaguar and Land Rover distributor for the Philippines and has set up a supporting dealership network. It also has dealerships for Mazda and Harley Davidson Motorcycles. Its presence in Asia-Pacific started in 1967 with the acquisition of Borneo Motors, a company founded in 1925 to distribute vehicles in Singapore.
The joint venture with CATS is a great example of Inchcape’s “Accelerate Strategy” in action, delivering on the Group's ambition to expand its existing global footprint and presence in Asia and other underpenetrated markets while becoming the undisputed number one distribution partner for automotive manufacturers and the employer of choice for current and future employees.