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Croatia’s Tokić to acquire Slovenian auto-parts distributor
🇸🇮 Slovenia /Economy & Trade

Croatia’s Tokić to acquire Slovenian auto-parts distributor

From Delo · () Slovenian

Translated from Slovenian and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Croatian auto-parts group Tokić has signed a binding agreement to acquire all shares in Slovenian distributor SAG SLO, which operates under the Matik brand.
  • The acquisition would expand Tokić’s existing Slovenian business through Bartog and its network of more than 120 outlets in Croatia and Slovenia.
  • Completion depends on regulatory approvals, including clearance from the competition authority; SAG SLO reported €7.3 million in revenue and a €393,000 net loss last year.

Tokić Group is set to strengthen its position in Slovenia by acquiring SAG SLO, the company behind the Matik auto-parts brand. The Croatian group has signed a binding agreement for 100 percent of the Slovenian distributor’s shares.

The deal would complement Tokić’s existing presence in Slovenia through Bartog. Across Croatia and Slovenia, the group operates through Tokić and Bartog with a network of more than 120 branches. Tokić said the acquisition would broaden its activities in the regional market.

“ This acquisition is a natural continuation of our growth and presence in the Slovenian market, where we operate through Bartog. We see great potential in Matik’s business and strong complementarity with our operations, as well as valuable expertise and a high-quality team. We believe that integrating them will further strengthen our position in the regional market,” Tokić President and CEO Ivan Šantorić said.

This acquisition is a natural continuation of our growth and presence in the Slovenian market, where we operate through Bartog. We see great potential in Matik’s business and strong complementarity with our operations, as well as valuable expertise and a high-quality team. We believe that integrating them will further strengthen our position in the regional market.

— Ivan ŠantorićTokić’s president and CEO described the acquisition as an extension of the group’s Slovenian operations.
About this summary

Originally published by Delo in Slovenian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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