Gowan Group, the family owned holding company, has announced an agreement with Opel Automobile GmbH to acquire Opel Ireland. The conclusion of the transaction is subject to Irish CCPC approval.
Michael Dwan, CEO, Gowan Group
On completion, Gowan Group will be Opel’s wholesale import partner in Ireland. This move is in line with Opel’s business strategy in selected European markets to enhance agility, efficiency and competitiveness.
In March 2017, Groupe PSA (company that owns Peugeot, Citroën and DS) agreed to acquire Opel (and Vauxhall) from General Motors for €2.2 billion, making the French automaker the second biggest in Europe, after Volkswagen.
Gowan Group will assume responsibility for all of Opel Ireland’s operations and current Opel employees will transfer on completion of the transaction.
Gowan Group has been involved in motor distribution in Ireland for fifty years, importing Peugeot vehicles since 1969 and Honda vehicles since 1984. It also imported Citroen vehicles for many years. In addition to Peugeot and Honda, Gowan Motors also retails Kia and Opel and provides after-sales service for Citroen.
Michael Dwan, CEO, Gowan Group told AutoTrade.ie: “We are delighted to become Opel’s import partner in Ireland”, says “We have an in-depth understanding of the Irish motor market and a strong appreciation of the Opel brand. The close engagement with our colleagues in Russelsheim through this process, together with the expertise and capability within the Group and within Opel Ireland, the strong dealer network and customer base and the exciting new product pipeline all underpin our belief that Opel will fully realise its potential in the Irish market in the years ahead. We look forward to welcoming the Opel Ireland team into the Gowan Group.”