Karmo/Simplr

MN-15030

Karmo Holdings Pty Ltd (Karmo) proposes to acquire 100% of the shares in Submo Pty Ltd (trading under the name Simplr) (proposed acquisition). Karmo supplies vehicle subscription services for new vehicles in Australia from its hubs in metropolitan areas (including Sydney, Melbourne, Brisbane, Perth and Adelaide). Karmo is a subsidiary of Autoleague Pty Ltd (Autoleague). Autoleague is an automotive retail company which owns and operates motor vehicle dealerships across Australia. Simplr supplies vehicle subscription services for used vehicles across Australia. Simplr is a wholly owned subsidiary of Eagers Automotive Limited (Eagers), an automotive retail group which owns and operates motor vehicle dealerships across Australia. Simplr sources its vehicles from its connected entity and sole supplier, Easy Auto 123 Pty Ltd (Easy Auto) in which Eagers has a 75% interest. Customers access Simplr’s vehicles from Easy Auto’s premises located in Sydney and regional New South Wales, Melbourne, Brisbane, Perth, Adelaide and Tasmania.