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Inchcape gets controls of CATS Group | The Manila Times

INCHCAPE Plc, a prominent global automotive distributor, has officially made its entry into the Philippines by forming a joint venture with CATS Group of Companies, a leading distributor of luxury vehicles in the country. The agreement involves Inchcape acquiring a controlling 60-percent stake, while the remaining 40 percent remains with the CATS founders, the Ang family.The partnership, known as Inchcape Philippines, combines the resources, digital capabilities, global insights, and local market knowledge of Inchcape and CATS. The objective is to enhance mobility in the Philippines.Inchcape is a major global player in automotive distribution, with operations spanning six continents. Headquartered in London, it employs approximately 19,000 people worldwide. The group s presence in the Asia-Pacific (APAC) region began in 1967 with the acquisition of Borneo Motors, a company established in 1925 for vehicle distribution in Singapore. Over time, Inchcape APAC has expanded considerably acro ....

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Inchcape officially enters Ph market through joint venture with CATS Group

Inchcape officially enters Ph market through joint venture with CATS Group
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Ang-led CATS, Inchcape formalize joint venture

Ang-led CATS, Inchcape formalize joint venture
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