TIAuto Investments, owner of Tiger Wheel & Tire and Tires & More, has agreed to partner with Japan's Marubeni Corporation in a deal that marks the trading group's first investment in Africa's automotive maintenance market.
TiAuto Investments has entered into an agreement with Japan-based Marubeni Corporation with the aim of supporting the next phase of growth of the Southern African automotive group.
The deal represents Marubeni's first investment in Africa's automotive maintenance sector and is subject to regulatory approvals and customary closing conditions.
Established in 1967, TiAuto has grown to become one of Southern Africa's largest automotive aftermarket businesses, operating brands including Tiger Wheel & Tyre, Tires & More and Trades Unlimited.
The group currently operates 161 stores in South Africa, Botswana, Namibia, Zimbabwe and Zambia.
Japanese investor enters African automotive aftermarket
Marubeni is a global trading and investment company with existing automotive maintenance operations in Asia and Latin America.
The company said this investment reflects confidence in both the long-term growth prospects of the region and TiAuto's position in the market.
TiAuto chief executive Alex Teplin said the transaction would provide access to international expertise and additional resources while maintaining the group's existing operating model.
The company said its brands, operations and customer offerings will remain unchanged following the completion of the transaction.
Focus on development across Southern Africa
TiAuto said Marubeni's combination of local market knowledge with international experience is expected to support future expansion and strengthen its service offering.
The business provides tires, wheels, batteries and related vehicle services to motorists across its retail, wholesale and automotive service network.
The transaction comes as international investors are showing increased interest in established consumer and automotive businesses operating in Southern Africa.
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