Gowan Group has announced it has agreed to acquire FCA Ireland, taking over responsibility for importing the Fiat, Alfa Romeo, Jeep and Fiat Professional brands into Ireland.
It said the conclusion of this transaction is subject to the Irish Competition and Consumer Protection Commissioner's approval.
It comes in the wake of the merger of car manufacturers PSA and FCA earlier this year, which created Stellantis, one of the world’s biggest car manufacturers.
In addition to already importing Peugeot, Citroën, Opel and DS brands, Gowan Group will now import a total of eight Stellantis brands in Ireland.
Gowan Group will assume responsibility for all of FCA Ireland’s operations and current employees will transfer on completion of the transaction.
"We are delighted to become Stellantis’s import partner in Ireland for Fiat, Jeep, Alfa Romeo and Fiat Professional brands," said Michael Dwan, CEO of Gowan Group.
"We have a deep understanding of the Irish motor market and a good appreciation of the Fiat, Jeep, Alfa Romeo and Fiat Professional brands.
"We are committed to improving Irish customer satisfaction and market share for each of the brands, moving towards European average market share," he said.
Mr Philippe Narbeburu, Senior Vice President European Markets at Stellantis said this is an important step in the development of Stellantis business strategy.
"Gowan Group is currently a very important partner of Stellantis for the retail business in Ireland.
"With this contract signed, they will become an even stronger partner for Stellantis in the market," he said.
Gowan Group has been involved in motor distribution in Ireland for 52 years, importing Peugeot vehicles since 1969 and Opel vehicles since 2019.
In April of this year, Gowan Group commenced the importing and selling of Stellantis owned Citroen vehicles in Ireland, having previously imported Citroen vehicles to Ireland between 1982 to 2009.
