Inchcape, the car distribution group, has agreed to buy Volvo businesses in Peru and Costa Rica and a Jaguar Land Rover business in Peru.
The seller is Automotores Gildemeister, a Latin American vehicle distributor.
No price was disclosed.
The businesses made revenue of around £48.7 million ($64 million) in 2025 and employ about 90 people.
The deal includes three showrooms in Peru and two in Costa Rica.
Completion is expected in the first quarter of 2027, subject to the usual approvals.
Growing markets
Inchcape said both countries offered further room for growth.
Peru's car market hit a record 187,000 vehicles in 2025, while Costa Rica sold just under 69,000.
The company said the deal would widen the range of vehicles it offers in the two countries, including more new energy vehicles (NEVs), the industry term for electric and hybrid cars.
It will also deepen ties with existing carmaker partners, which the industry calls original equipment manufacturers (OEMs).
Inchcape already distributes Jaguar Land Rover vehicles in Chile and Colombia, as well as in parts of Asia-Pacific, Europe and Africa.
It sells Volvos in Chile and Ecuador.
Bolt-on strategy
The purchase follows last year's acquisition in Iceland and the more recent takeover of Silver Star Motors in Bulgaria.
Inchcape said the deals fit its Accelerate+ strategy, which focuses on targeted acquisitions and careful use of capital to boost shareholder returns.
Chief executive Duncan Tait said the deal would expand the group's footprint in the Americas and widen the range of vehicles it sells.
He said it was a further example of the group's disciplined approach to capital allocation.
Marcello Marchese, chief executive of Automotores Gildemeister, said the sale was part of a plan to focus investment on the company's core businesses.
He said the seller would work with Inchcape to ensure a smooth handover for staff, customers and carmakers.
