On July 3, Autowelt Linz will have a brand-new owner. Germany’s AVAG Holding takes control of the automobile dealer on Franzosenhausweg from handling directors Rudolf Lindorfer (60 percent), Andreas Parlic (10 percent) and Gustav Schweiger (30 percent).
AVAG Holding, based in Augsburg, produces sales of 2.4 billion euros and 5,600 staff members. There are places in Germany, Austria, Slovenia, Croatia and Hungary.
With roughly 70 workers, Autowelt Linz has a turnover of 32 million euros. Lindorfer established Autowelt in 1995, Parlic signed up with 14 years back.
The business name will be maintained and all staff members will be maintained, according to AVAG Holding. It is not yet clear who will be the handling director. Lindorfer (76) and Parlic (65) are entering into “more than was worthy of retirement”, as the German put it.
” It was essential for us to discover a purchaser who would lead the business into a brilliant future,” states Parlic. That was accomplished by AVAG, which is likewise a household business. AVAG’s handling directors are bros Albert C. and Roman Still. Offering an automobile dealer is more difficult than it utilized to be due to the fact that the auto market remains in chaos, states Parlic. The look for a purchaser started a long time earlier. There were no beneficiaries in the household.
AVAG is currently represented in Upper Austria with Sulzbacher (Opel) and Mitterbauer (Toyota, Lexus) cars and truck dealers. Autowelt Linz is “the ideal enhance”, stated Albert C. Still. The Autowelt portfolio consists of the Stellantis Citroën brand name, Volvo and Polestar brand names and electrical industrial cars from Maxus. It will still stay Peugeot’s service partner.
the author
Alexander Zens
Economic Editor
Alexander Zens
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