Derco is a multi-brand automotive distributor founded in 1959 by José Luis Del Río Rondanelli and today remains 100% owned by Juan Pablo, Felipe and Carolina Del Río. The operation was subject to regulatory review.
the british Inchcape plcone of the main independent multi-brand automotive distributors worldwide, reached an agreement to acquire Dercoowned by the Del Rio family.
The transaction will allow the latter’s shareholders to take ownership of Inchcape, including the right to appoint a director.
The owners of Derco will thus become shareholders of Inchcape with a 9.3% share.
Of course, the operation was subject to compliance with the conditions of the transaction and the approval of the regulatory authorities. It is expected to be fully completed in late 2022 or early 2023.
“This association is a great leap that will allow us to be part of a world leader in the distribution of automobiles. Since it was founded by José Luis del Río Rondanelli, growth and internationalization have always been part of Derco’s vision,” Edmundo Hermosilla, CEO of Dercorp, Derco’s parent company, said in a statement.
Inchcape is one of the leading global multi-brand automobile distributors, operates in more than 40 markets and territories with a portfolio of the world’s leading automobile brands. It entered the Americas in 1993, initially distributing new vehicles and BMW parts in Chile and Peru.
Today it distributes new vehicles and parts in more than 11 markets and territories throughout South and Central America and the Caribbean, for OEMs including BMW, Mercedes-Benz and Daimler, Subaru, Suzuki, DFSK, Jaguar, Land Rover, Geely, and various commercial vehicle partners.
Derco is a family-owned multi-brand automotive distributor founded in 1959 by José Luis Del Río Rondanelli and Today it is still 100% owned by Juan Pablo, Felipe and Carolina Del Río.
It is one of the largest independent multi-brand automotive distributors by volume in Latin America and operates with 329 dealerships in Chile, Colombia, Peru and Bolivia.
It has long-standing distribution partnerships with Suzuki (since 1976) and Mazda (since 1982), and a history of introducing new brands to their markets: Chevrolet in 1999; Renault in 2000; Changan, Great Wall, JAC and Haval between 2006 and 2007 and DS and Citroen in 2016.
