We advised the sale of Peugeot and Hyundai seller Auto Forte Tallinn OÜ
Our team advised Ichiban OÜ on the 100% sale of Auto Forte Tallinn OÜ, the seller of Peugeot and Hyundai, to United Motors AS.
Under the agreement, Auto Forte's current owner and CEO Raido Toonekurg will continue at the helm of the company at least for the next two years.
"United Motors is a strong owner with long-term plans who wants to grow and develop Auto Forte. Next year, we are planning to expand the Hyundai showroom of Auto Forte and invest in service equipment," said Toonekurg.
A dealer for Peugeot and Hyundai in Tallinn, Auto Forte was the biggest Peugeot representative in Estonia last year. The company's sales in 2017 amounted to 15.6 million euros. The company has a staff of 32.