Grupo Ciosa merges with AutoTodo Mexicana and acquires 75% of Jetz App

Grupo Ciosa announced a merger with AutoTodo Mexicana and the acquisition of a 75% stake in Jetz App, aiming to create the largest auto parts distribution network in Mexico with combined annual revenue of $300 million.

“Estamos convencidos de que esta fusión nos permitirá multiplicar nuestro valor y alcanzar una facturación de 300 millones de dólares (mdd) al año”aftermarketinternational.com

• 2 sources
• aftermarketinternational.comGrupo Ciosa se asocia con AutoTodo Mexicana - Aftermarket InternationalLaura RestrepoAug 6, 2024
• info-transportes.com.mxGrupo Ciosa fusiona con AutoTodo y adquiere Jetz AppInfo-TransportesAug 6, 2024

Summarized from public sources; check the original articles before acting on it.