Japan's Autobacs Seven Acquires Stake in TOC Automotive College

Photo: Key Players Forge Strategic Alliance to Further Strengthen Automotive Industry

[Petaling Jaya, 8 March 2017]: AUTOBACS SEVEN CO., LTD., Japan’s largest specialty retailer of goods and services for cars (AUTOBACS), has acquired stake in The Otomotif College (TOC), one of the pioneers in professional automotive and motorsports in Malaysia since 2004. Joining hands with the renowned Japanese giant to nurture higher qualified and skillful automotive technicians to the industry, Founder and CEO of TOC, Adelaine Foo and Director of AUTOBACS, Yugo Horii signed the agreement today at the TOC campus located in Petaling Jaya on 8 March.

Commenting on the partnership, Foo said, “TOC has grown from strength to strength over the years and we are truly excited to be embarking on this trusted and successful partnership with a renowned international brand as we enter into 2017. AUTOBACS solid background and proven track record sets the bar even higher for us to churn out only the best automotive technicians. ”

In this partnership, graduates from TOC will have the opportunity to work in AUTOBACS Group where they will be able to be exposed to the latest relevant trends in the motoring world and expectations in the automotive industry, especially in after sales service.

AUTOBACS solid background and proven track record sets the bar even higher for us to churn out only the best automotive technicians.

“There has always been an ambivalence between a graduate’s skill and an employer’s expectation. With this technical and best practices knowledge exchange collaboration, we strive to reduce and bridge the gap of the technical and skill expectations between industry and academia,” she added.

“This acquisition is part of AUTOBACS’s on-going growth strategy in the region, and will reinforce our sustained progression in this brand new year and beyond. We are sharing common grounds with her vision and management philosophy. We look forward to recruit more qualified technicians to fill in the vacancies in our network. Furthermore, we, AUTOBACS would like to strive to contribute to local community in Malaysia for safer and comfort driving to all drivers and passengers” Horii commented.

To date, AUTOBACS has over 600 chain outlets throughout Japan and internationally, including three in Malaysia. The company is stepping up its expansion in the country with the plan of opening additional outlets accordingly.

For more information,visit TOC’s official portal at www.toc.edu.my or Facebook /TOC.edu and Autobacs Seven’s at www.autobacs.co.jp.