Gowan Group Agrees to Acquire FCA Ireland

PUBLISHED: 1st October 2021

LK Shields Solicitors LLP was delighted to act for the Gowan Group in their agreement to acquire FCA Ireland.

Gowan Group, the family-owned holding company, announces today that it has agreed to acquire FCA Ireland, taking over responsibility for importing the Fiat, Alfa Romeo, Jeep and Fiat Professional brands into Ireland. The conclusion of this transaction is subject to the Irish Competition and Consumer Protection Commissioner’s approval.

The transaction comes in the wake of the merger of car manufacturers PSA and FCA earlier this year, which created Stellantis, one of the world’s biggest car manufacturers with industrial operations in 30 countries and a commercial presence in 130 markets worldwide.

In addition to already importing Peugeot, Citroën, Opel and DS brands, Gowan Group will now import a total of eight Stellantis brands in Ireland. Gowan Group will assume responsibility for all of FCA Ireland’s operations and current employees will transfer on completion of the transaction.

The team at LK Shields comprised Corporate Partner Richard Curran, Competition Partner Marco Hickey, Gowan Group Relationship Partner Pat Ryan and Corporate Associate Kristofer O’Shea.