Opteven has acquired Multipart, significantly enhancing its presence in the German automobile warranty market as part of its European growth strategy.
Information on the Target
Opteven, a prominent provider of warranty and roadside assistance services in Europe, has successfully acquired Multipart, a significant player in the German automobile warranty market. This acquisition is a pivotal move in Opteven's European growth strategy, further enhancing its presence in Germany through independent distribution partners.
Multipart, founded in 1985 by Waldemar Dixa, is well-established in Germany, Switzerland, and Austria. The company sells approximately 60,000 contracts annually and is renowned for its innovative products and exceptional customer service. This merger will not only double Opteven's workforce in Germany but will also ensure seamless operations and continuous service through the integration of Multipart into its existing framework.
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Industry Overview in Germany
The automobile warranty market in Germany has shown robust growth over the past decade, driven by rising consumer demand for extended service plans and increasing awareness
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Opteven
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