VCI Global Secures Strategic Acquisition of Lux-Motion, Entering US$350 Billion Automotive E-Commerce Landscape

VCI Global Signs Definitive Agreement to Acquire Lux Motion, Expanding into US $350 Billion Automotive E-Commerce Market

March 17, 2025 – VCI Global, a leading provider of innovative solutions for the automotive industry, today announced that it has signed a definitive agreement to acquire Lux Motion, a US-based e-commerce company specializing in automotive parts and accessories. The acquisition is a significant step in VCI Global's strategic expansion into the US market, which is projected to reach $350 billion in automotive e-commerce sales by 2027.

Under the terms of the agreement, VCI Global will acquire Lux Motion for a cash consideration of $50 million. The acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions.

Lux Motion has established itself as a prominent player in the US automotive e-commerce market, with a strong online presence and a wide range of products and services catering to the needs of car enthusiasts and professionals. The company's expertise and reputation will significantly enhance VCI Global's capabilities in the US market, allowing the company to capitalize on the growing demand for online automotive shopping.

"We are thrilled to welcome Lux Motion to the VCI Global family," said [Name], CEO of VCI Global. "This acquisition is a strategic move to expand our presence in the US market, which is poised for significant growth in the coming years. We believe that Lux Motion's expertise and reputation will be a valuable addition to our portfolio of innovative solutions for the automotive industry."

The acquisition is expected to generate significant synergies and cost savings for VCI Global, with Lux Motion's operations and systems being integrated into VCI Global's existing infrastructure. The combined company will have a stronger presence in the US market, with a wider range of products and services catering to the needs of car enthusiasts and professionals.

VCI Global is a leading provider of innovative solutions for the automotive industry, with a focus on providing customers with a wide range of products and services that enhance the driving experience. The company's products and services include automotive parts and accessories, e-commerce solutions, and innovative technologies that improve vehicle performance and safety.