Automotive distributor Inchcape has announced plans to acquire a Volvo business in Peru and Costa Rica, along with a Jaguar Land Rover business in Peru. The acquisitions, from Automotores Gildemeister, are expected to expand Inchcape’s mobility solutions in these markets, including its New Energy Vehicle range.
This move is part of Inchcape’s Accelerate+ strategy, focusing on long-term shareholder returns through disciplined capital allocation. The acquired businesses generated £48.7 million in revenue in FY2025 and employed around 90 people. The deal includes three retail locations in Peru and two in Costa Rica.
Inchcape’s Duncan Tait highlighted the company’s local market knowledge and ability to deliver sustainable growth. The acquisitions build on Inchcape’s existing relationships with OEM partners and expand its footprint in the Americas. Marcello Marchese of Automotores Gildemeister expressed confidence in the acquired businesses’ continued success under Inchcape’s ownership.
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Both countries offer significant growth potential. Peru is expected to reach a record total industry volume of around 187,000 units in 2025, while Costa Rica will achieve just under 69,000 units. The transactions are subject to customary conditions and approvals, with completion expected in Q1 2027.
Inchcape’s deal builds on its existing relationships with Jaguar Land Rover and Volvo across multiple regions, including Chile, Colombia, Asia-Pacific, Europe, and Africa. The acquisitions in Peru and Costa Rica, alongside recent ones in Bulgaria and Iceland, demonstrate its commitment to the Accelerate+ strategy and disciplined capital allocation approach.
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