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Lookers completes Dutton Forshaw deal

Lookers has completed its acquisition of the entire issued share capital of Dutton Forshaw Group, the motor retail division of Lloyds TSB Asset Finance Division for £53 million.

Dutton Forshaw comprises 31 outlets operating under the Dutton Forshaw and Dovercourt brands.

Dutton Forshaw will increase the group’s total number of Ford outlets from one to eight, Mercedes-Benz outlets from four to eight and VW outlets from five to nine. Other outlets acquired include Chevrolet, Chrysler Jeep and Dodge, Citroen, Honda, Hyundai, Land Rover, Peugeot and Skoda.

Ken Surgenor, chief executive, said: “We are delighted to welcome our new colleagues into the Group and look forward to developing the operations as part of the enlarged Lookers business.”

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