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.
It is a great satisfaction that Astara has reached an agreement with such an emblematic and historic company such as Ovando S.A. Our global vision respect to the automobile industry transformation and the new mobility opportunities, will make Astara – Ovando a reference in the Bolivian market. I have no doubt that we will continue growing and offering our customers the highest quality standards to meet their expectative.
Jorge Navea, CEO of Astara.
We feel proud to see that that company that our family has build over the last 77 years, has been chosen by a prestigious multinational company such as Astara to start operations in our country. By this alliance, we are sure that Ovando S.A. will reach a new development level, taking advantage of the extensive capabilities and global knowledge of Astara.
Sergio and Jaime Ovando d´Avis -Executive President and Executive Director of Ovando.
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.
With the contribution of Astara's expertise and the prestige of Ovando S.A., we are committed to drive the growth of our brands and dealer network, with a total focus on customer satisfaction.
Rodrigo de la Torre Martini, Country Manager Astara Bolivia.