The trading group welcomed the new shareholder — UAB Autoaibė. The company is among the leading distributors of the Lithuanian market, which has great prospects for sales.
UAB Autoaibė sets the rhythm of development of the Lithuanian aftermarket, and the company's headquarters is located in the third largest city in the country, Klaipeda. Founded in 1992, UAB Autoaibė has been a family-owned company since its early days. The company's portfolio includes spare parts, car care products and accessories for passenger cars, as well as additional services in the field of car maintenance and repair.
Distributor is widely known as one of the most reliable in Lithuania. In 2018, about 170 employees provided the company with a turnover of 24 million euros. The company's future prospects are positive and further steady growth is expected. The basis of UAB Autoaibė success is a full coverage sales network. The network consists of 15 retail stores with a total sales area of 5700 square meters, as well as a service center with an area of 2000 square meters. The range of UAB Autoaibė includes 25,000 items from more than 100 foreign and domestic brands. In addition, the company uses an electronic system that allows you to find easily and quickly the best product suitable for a particular maintenance.
Fotios Katsardis, the President and CEO of TEMOT International, commented: “Being a family business with high trust among customers, Autoaibė UAB is the ideal partner for TEMOT International. In particular, Autoaibė UAB and TEMOT International share the business philosophy on offering value added to both suppliers and car owners, as well as creating of modern solutions to customers. TEMOT International and UAB Autoaibė will work to further market activation for the overall benefit.”