CFAO Mobility Explains Liquidation of DT Dobie in Kenya: "Unifying Operations
- The liquidation of DT Dobie after decades in Kenya sparked much speculation about the reasons
- CFAO Group operated in Kenya through CFAO Mobility Kenya (formerly CFAO Motors Kenya), DT Dobie, and LOXEA Kenya
- DT Dobie will no longer operate as a brand in Kenya after the company decided to restructure its operations
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Elijah Ntongai, an editor at TUKO.co.ke, has over four years of financial, business, and technology research and reporting experience, providing insights into Kenyan, African, and global trends.
CFAO Mobility Kenya Limited has clarified the ongoing liquidation of DT Dobie & Company Kenya Ltd.
Source: Twitter
The company explained that the move is part of a broader restructuring strategy to unify operations under one umbrella.
The company has come out to explain the liquidation of DT Dobie to clear up the misunderstanding witnessed in recent days. Many thought DT Dobie had gone out of business.
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Why CFAO liquidated DT Dobie
As of March 31, 2023, the CFAO Group operated in Kenya through CFAO Mobility Kenya (formerly CFAO Motors Kenya), DT Dobie, and LOXEA Kenya.
To streamline operations and strengthen its market position, the group completed an internal restructuring effective April 1, 2023 and DT Dobie officially transferred its business assets to CFAO Mobility Kenya, consolidating both companies into a single entity.
"Effective April 1st, 2023, DT Dobie & Company officially merged into CFAO Mobility Kenya Limited, unifying operations under one entity to enhance customer service, streamline mobility solutions, and expand access to globally recognised automotive brands across Kenya," CFAO Mobility explained.
The merger brought together the legacy and expertise of two respected players in Kenya’s automotive sector, creating a stronger and more comprehensive service provider.
DT Dobie goes into liquidation
The company emphasised that the liquidation of DT Dobie is a legal formality required to wind down the entity after its assets were absorbed into CFAO Mobility.
A liquidator has been appointed to oversee the process and ensure compliance with regulatory requirements.
“For customers, this transition means greater convenience, consistency, and access to a broader range of mobility solutions all under one trusted name,” CFAO Mobility Kenya said in a statement.
Source: Twitter
CFAO Mobility distributions
CFAO Mobility Kenya now serves as the official distributor of 12 globally recognised automotive brands, offering more than 21 vehicle models.
Its dealer network spans over 40 service centres, authorised dealers, and company-owned branches nationwide.
CFAO Mobility Kenya continues to distribute and service brands including Mercedes-Benz passenger cars, trucks and buses, Toyota, Yamaha motorcycles, Suzuki, Hino, Hyundai commercial vehicles, and Sinotruk (HOWO).
It also offers Automark certified pre-owned vehicles, Winpart value parts, AUTOFAST quick-fix service stations, and Michelin and BF Goodrich tyres.
Did CFAO acquire Kenya Vehicle Manufacturers (KVM)?
In other news, the Competition Authority of Kenya (CAK) approved CFAO Motors Kenya Limited’s acquisition of 98% ownership in Kenya Vehicle Manufacturers Limited (KVM), a Thika-based vehicle assembler.
CFAO Motors, a subsidiary of Toyota Tsusho Corporation, will now hold a controlling stake in KVM.
KVM’s activities include assembling Semi Knocked-Down (SKD) passenger vehicles, Completely Knocked-Down (CKD) trucks, buses, and truck bodies, as well as special vehicle orders and safari waggon conversions.
Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
