Ovando and Astara agree to bring together the best of the automobile business to Bolivia
We are glad to announce we have completed the acquisition of the majority ownership of Ovando, a Bolivian company with an extensive history in the automotive sector in its country, with the founding family maintaining a significant share of the ownership of the company. With this acquisition, Astara expands its presence in Latin America by entering a fifth market in the region, in addition to its operations in Argentina, Colombia, Chile and Peru.
Since the automotive sector is currently undergoing a clear process of evolution due to new trends and customer needs, this union constitutes a well-considered strategic decision to address the business in Bolivia. Thus, the combination of know-how, support, strength, and global capabilities of one of the most important players in the automobile sector in Latin America, with the extensive prestige, experience, and local knowledge of Ovando S.A., will allow to offer the Bolivian customer more vehicle brands and model options, sales points, financing and after sale services, along with the best mobility products and solutions.
Ovando S.A. has been operating in Bolivia since 1945, being a company that since its formation has worked hand in hand with major automobile brands, being currently general distributor in Bolivia of the prestigious brands Mercedes-Benz, Daimler Truck & Bus, Mitsubishi Motors, Jeep, Dodge, RAM, Fiat and Fuso.