Auto Hall completes the acquisition of SDA

Auto Hall completes the acquisition of SDA

The Auto Hall Group has announced the acquisition of the automotive development company (SDA), importer and distributor of the Maserati brand in Morocco.

“As part of the Group’s development strategy aimed, in particular, at broadening its scope of activity in the luxury car segment, the company has completed the acquisition of 100% of the shares of the company SDA”, Auto Hall indicates in a press release, published at the end of the meeting of its board of directors, held on December 21. In addition, the press release notes that the 2021 results should show an improvement compared to those of 2019 and 2020, despite the vehicle availability constraints generated by the semiconductor crisis. The Board approved the budget of the company and its subsidiaries which expects consolidated sales to increase, the press release said. He added that at the end of November the Group’s activity was marked by a good commercial performance.

Indeed, the achievements in terms of unit sales are up 33% compared to the end of November 2019 and 40% compared to the same month of 2020. Market shares are also improving with 39% for commercial vehicles. light, 33% for industrial vehicles, 10.5% for private cars and 18% for agricultural tractors.

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