Inchcape Purchased Volvo and Jaguar Land Rover Assets
The distributor acquired regional businesses in Peru and Costa Rica to grow its Latin American footprint.
Updated on Oct. 1, 2026 in Buying/Selling
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Inchcape has agreed to acquire Volvo and Jaguar Land Rover distribution assets from Automotores Gildemeister in a deal involving operations in Peru and Costa Rica. The move adds five showrooms and roughly 90 employees to the company's regional portfolio.
Why it matters
This acquisition aligns with the Accelerate+ strategy, enabling Inchcape to expand its geographic reach and broaden its vehicle offerings to include more new energy models. Meanwhile, the seller plans to prioritize investment in its own core business operations.
The acquired businesses generated £48.7 million in annual revenue during 2025. The transaction includes three showrooms in Peru and two showrooms in Costa Rica, which serve markets that recorded 187,000 and nearly 69,000 vehicle sales respectively in 2025.
The players
Inchcape
Inchcape is a global automotive distributor that operates across several continents and manages the supply chains for major luxury brands.
Automotores Gildemeister
Automotores Gildemeister is a regional automotive firm that manages distribution and retail assets across Latin American markets.
The details
The transaction covers Volvo distribution rights in Peru and Costa Rica, alongside Jaguar Land Rover distribution in Peru. Inchcape intends to leverage these new assets to increase its market share for both luxury and new energy vehicles in the region.
Timeline
The acquired businesses generated £48.7 million in revenue throughout 2025.
Peru reached a record market volume of 187,000 vehicles in 2025.
The acquisition is expected to reach completion in the first quarter of 2027.
Roadmap
This move represents an expansion of the distributor's global footprint as the company seeks to consolidate its market share in emerging economies. By acquiring established distribution rights, the firm is positioning itself to better compete against rivals in the transition toward new energy vehicles.
Customers in Peru and Costa Rica may see changes in the availability of new energy vehicle models as the distributor updates its regional lineup. The transition of these operations is unlikely to cause immediate price shifts for buyers until the deal formally closes in 2027.
The takeaway
Large distributors often rely on targeted acquisitions to enter high-growth emerging markets quickly rather than building infrastructure from scratch. Investors and consumers should watch for similar consolidation moves as established brands seek to optimize their regional logistics networks.
Further reading
For broader insights into corporate consolidation trends, explore our Buying/Selling section.
Source note: This article includes information reported by Proactiveinvestors UK.
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