Belgian Competition Authority Greenlights Vermant's Acquisition of Scancar in Automotive Distribution Sector
The Belgian Competition Authority has approved Vermant's acquisition of Scancar, allowing Vermant to expand its activities in the province of Antwerp and broaden its brand portfolio.
18.09.2024 | Belgian competition authority
The Belgian Competition Authority has given the green light to Vermant's acquisition of Scancar in the automotive distribution sector. Vermant, a car dealer of Volvo and Kia brands, has been operating in the province of Antwerp, while Scancar deals with Volvo and Polestar brands.
Vermant's activities include the sale of new and used cars, maintenance and repair services, body repairs, and spare parts sales. Scancar is involved in the sale, repair, and maintenance of cars, as well as retailing spare parts, with branches in Antwerp, Deurne, Brasschaat, Lier, and Wilrijk.
By acquiring Scancar, Vermant aims to expand its presence in Antwerp and enhance its offerings with the Polestar brand. The Belgian Competition Authority found that the simplified procedure conditions were met and that the acquisition did not raise any concerns.