Cedar is set to take over the distribution business of Renault Group in Ireland.
Renault Group has entered into an agreement to sell its wholly-owned subsidiary in Ireland, for the importation and distribution activities of Renault and Dacia brands.
The transaction is subject to the approval of the relevant competition authorities.
"In terms of brands partnerships, Cedar is a long-standing partner of the Alliance Group, both as dealer for Renault Group and also as Nissan Importer in Ireland," said Philippe Buros, Senior Vice-President, Sales & Marketing and Services of Renault Group.
"Thanks to this agreement, I am very confident that Renault Group will achieve its Renaulution ambition in Ireland," he added.
James McCarthy, CEO of Cedar said they are proud to become the official importer of Renault and Dacia for the distribution of the existing product range in Ireland.
"We will continue the successful path of the Renault distribution organisation and add our long-standing expertise in this country," he said.
"We are looking forward to further developing the business together with the local distribution network", he added.
The start of operations of the new organisation is scheduled in November 2023.
