In 1998 Domingo Alonso laid the foundation for what would be its first business experience outside the Canaries, a small but major step opening an office in Cape Verde. We say "small" because we were setting up a business we knew well in a neighboring archipelago; but it is "major" because it was our first business experience outside the Canary Islands. From then on, much of the company´s efforts have focused on its internationalization, developing a recognizable brand in the countries in which it is present, through its different brands, but also by investing in IT companies.
We continue to look for opportunities in other markets, and backed by our experience, and, together with a competent partner, we have secured the distribution rights for Renault in 11 African countries.
We currently have headquarters in Las Palmas de Gran Canaria and a regional office in Miami, the group is currently operating in Angola, Cape Verde, Colombia, Venezuela, Chile, Peru, Argentina, Portugal, Kenya, Tanzania, Malawi, Zimbabwe, Uganda , Mozambique, Zambia, Senegal, Mali, Mauritania and Niger.
The Domingo Alonso Group hit, in 2007, a turnover of 900 million euros, a record figure for the group. Subsequently, and due to the strong economic recession that hit Spain and, much more aggressively, the Canary Islands, the Group´s strategic territory, there was a drop in revenue between 2008 and 2009. In recent years, the Domingo Alonso Group has turned these figures around as a result of new domestic and international business investments, and an increase in car sales, its core business.
This has allowed the group to put together increases in turnover for four consecutive years and to expand all its business lines, going from being an operator in the car industry to expanding its activity in other industries such as technologies or services. The Group remains steadfast in its strategy, based on four main pillars: constant optimization of their businesses and existing investments, the internationalization of its core business, the car industry, the expansion of its IT line with developments of their own and their subsequent internationalization, and increased investments in tourism.