Subsidiaries and Related Companies

AEV Group – a family of companies

Our group has a number of subsidiaries and associated companies that operate in complementary verticals to our core business.

Automotive Equipment and Trucks Limited Partnership (AET)

The official importer to Israel of MAN trucks, busses and commercial vehicles. Sales of MAN trucks in Israel began in 1933 by the Consolidated Near East Company of Israel Ltd. AEV Group took over the MAN representation in 2012.

MAN vehicles are known for their meticulous design and manufacturing, with advanced human engineering for improved driving experience and ease of operation. The innovative integrated technologies provide reliability and cost saving.

AET offers high quality 24/7 servicing for MAN trucks and busses across Israel, with a network of dedicated and professional service shops. AET also offers a variety of complementary purchasing solutions such as trade-ins, financing and leasing.

Metiv Insurance Agency Ltd

Metiv is active since 1987, offering car insurance, as well as home and health policies from leading insurers in Israel, complemented by Metiv’s own special benefits. Sales representatives of Metiv are present at AEV show rooms to offer insurance to buyers of new Suzuki vehicles as part of the purchase process.

 
Caspa Leasing Ltd

Caspa Leasing offers highly competitive car leasing services to both retail and business customers. The combination of attractively-priced, fuel-efficient cars and the backing of the official importer provides customers with substantial cost savings. Caspa’s fleet is maintained by H.I.L – the vehicle fleet maintenance arm of AEV – with 24/7 professional response.

Metropoline Public Transportation Ltd

AEV is a major shareholder in Metropoline, which is operating bus routes throughout Israel. The company was established in 2000 to participate in the privatization of public transportation, which up to that time was controlled by the Egged and Dan monopolies. Metropoline is owned in equal parts by AEV and Bon Tour (through Tour Bus Ltd).

Metropoline currently operates a number of major franchises including the Negev region (in the south of Israel, including intercity lines between Be’er Sheva and Tel Aviv,   the Sharon region (including the towns of Kfar Saba, Ra’anana and Herzlia) and the Larger Sharon Region (including intercity lines between Natanya and Holon in the Tel Aviv metro area).

Metropoline’s activity has grown significantly over the years and the company is now operating 1000 buses in 300 service lines. The mission of Metropoline is to provide high-quality, efficient service and improved travel experience to its passengers. This is done through the use of comfortable buses, advanced technologies and providing 24/7 professional response.