Astra Digital Mobil Reportedly Acquires OLX Autos

By Editorial Team 21/07/2023
car marketplace
Summary

PT Astra Digital Mobil, a subsidiary of PT Astra International Tbk (ASII), reportedly plans to acquire OLX Autos, a vehicle sales platform under the OLX group. “Astra Digital Mobil will acquire a 99.98 percent stake [in OLX Autos],” the company’s representatives told Katadata.co.id on Thursday.

The negotiations between Astra Digital and OLX have been ongoing for several months and have finally reached a decision in early July third week.

Initially known as Belimobilgue.co.id under PT Mobil Laku Indonesia, OLX Indonesia acquired OLX Autos back in 2020. The acquisition is intended to bolster OLX's ambition to create super apps that facilitate various transactions, including the sale of goods, cars, and properties.

Besides Astra Digital, Malaysian car sales platform Carsome has also expressed interest in acquiring OLX Autos and has been conducting due diligence since May.

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