AM Online

Nidd Vale acquires Ilkley Garage

Nidd Vale Group, the Harrogate independent motor retailer, has acquired Glovers Garages in Ilkley for an undisclosed sum.

The group said the acquisition was in line with the its agreed strategy to grow through acquisition following its management buy-out in September last year.

Glovers Garages will take combined turnover of the enlarged Nidd Vale Group to more than £80 million. The Group currently operates four franchises from its Harrogate and Wetherby locations. The site will be rebranded as Nidd Vale.

Nigel Pullan, Nidd Vale’s chief executive, said: "The acquisition of Glovers is a great opportunity for Nidd Vale as it not only gives us another franchise, but also representation in another town, where it is the only franchised dealer."

Paul Stokes, Nidd Vale’s managing director, said: "The acquisition provides us with a strong operational base in the Wharfedale area on which to build. This area has traditionally had a thriving and loyal customer base and we believe Nidd Vale’s strong customer ethos will ensure this is maintained."


Nigel Pullan, left, Nidd Vale chief executive, and Paul Stokes, managing director, admire the forecourt at Glovers Garages in Ilkely, following its acquisition by Nidd Vale.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.