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Centrum Holdings purchases Cars.cz
Nothing changes for the users of cars.cz, the brand and the site will remain the same. Cars.cz will remain an independent entity and will continue to be managed by its founders.
“As a result of our new background, we will be able to expand faster not only in the Czech Republic and Slovakia,” says one of cars.cz’s founders Jan Soucha and adds: “The demand for cars continues to grow and we offer a proven and successful service.”
Karel Jelínek, co-founder of cars.cz, comments on the site’s growth and ambitions: “We see a big potential for IT companies focused on the car market. The current offer of software and web services for car dealers and used car dealers is much poorer in the Czech Republic and Slovakia than it is abroad. Today, almost 1,000 professional car dealers advertise on cars.cz and we believe this number will grow given our low prices and the number of our users.”
Pavel Mucha, General Manager of Centrum Holdings, explains the reasons behind the holding’s purchase of cars.cz and the first steps together: “Cars.cz is a company with a great team, the more attractive because it operates one of the fastest-growing car advertising websites in the Czech Republic and Slovakia. Our first activities together will focus on further strengthening of the product and development cars.cz’s team.”
The deal took approximately four months to finalise. The transaction also includes the autorecenze.cz website, one of few where prospective car owners can obtain realistic evaluation of cars and motorcycles from their current owners. Besides the advertising site, cars.cz also publishes a magazine, distributed across the country, including 700 Czech Post offices.
