Renault, GCR and the Groupe Laurent sign letter of intent on strategic partnership

The strategic partnership will involve a wide-reaching arrangement covering provision by EXADIS of an extensive range of spares and services through a nationwide network of platforms in France. Under the agreement, Renault and GCR (via its supply and services subsidiary CISCAR) would take stakes of 23.5% and 11.5% respectively in EXADIS.

In joining forces, the Groupe Laurent Renault, and its dealer network, France’s largest, would open broad development prospects on the fiercely competitive multi-brand spare parts market. Renault, supplier of manufacturer’s original parts for Renault and Dacia models, along with the Motrio and Equation ranges of multi-brand parts for older models, would extend its offering to include 45,000 equipment vendor parts. For Renault’s aftersales operations chief Pierre-Michel Erard , “partnership with the Groupe Laurent would enable us to offer our 15,000 dealership, agent and repair-centre customers a comprehensive and competitive nationwide offering, covering all types of maintenance, servicing and minor repair operation on cars of all makes.”

GCR sees the partnership as an opportunity for bolstering its network’s performance in the strategic spare parts sector. As chairman Dominique Didier explains, “the stake in Exadis would be consistent with our approach on affording members the most efficient business instruments possible, as with CISCAR. The agreement would mark the onset of a new phase in our partnership with the manufacturer, enabling us to strengthen the network and help it keep its lead on its various markets.”

Speaking for EXADIS, Groupe Laurent CEO Vincent Laurent notes that “this ambitious partnership would be conducive to long-term performance and development for the group as a whole. Our outlook to business development here has a lot in common with Renault’s and GCR’s, as does our emphasis on local reach, availability and customer service. The agreement holds clear promise for synergies in a context of shifting market conditions, yielding stronger market positions, recognition of our unique expertise, and valuable extension of our offerings.”

MORE INFORMATION:


Renault Press
Rié YAMANE
Corporate press officer
+33 (0)1 76 84 00 99
rie.yamane@renault.com

GCR
Magali CHOTARD
Management assistant
+33 (0)1 80 05 23 23
m.chotard@gcrfrance.com

Groupe Laurent
Françoise LECOURT
Management assistant
+33 (0)4 77 49 48 40
francoise.lecourt@groupe-laurent.com