OLX Group has successfully acquired French motors platform La Centrale, enhancing its presence in Western Europe while reporting strong financial growth driven by AI innovations.

Target Information

OLX Group, a global leader in online classifieds, operates with nearly 60 million listings daily across seven markets. As a subsidiary of Prosus, OLX focuses on core categories such as Motors, Real Estate, and Jobs. Recently, the company reported impressive financial results for the first half of the fiscal year ending September 30, 2025, achieving a revenue of US$473 million, marking a 22% increase year-on-year. Furthermore, the company demonstrated significant growth in adjusted EBITDA and adjusted EBIT, indicating strong operational performance.

Industry Overview in Western Europe

The online classifieds industry in Western Europe is experiencing robust growth, driven by advancements in technology and evolving consumer behavior. With a shift towards digital platforms, there’s an increased demand for innovative solutions that enhance user experience. Markets such as France are pivotal due to their large user bases and competitive landscapes.

Moreover, the importance of AI integration in driving efficiency and customer engagement cannot be overstated. Companies in the online classifieds spac