Marshall Motor Group has acquired a Volvo business in Bishops Stortford from Regent Automotive Group.
It brings to seven the number of Volvo businesses Marshall owns and brings portfolio for the brand to seven, making the dealer group (at number 11 in the AM100) the largest partner for Volvo in the UK. It will boost Marshall turnover by about £15 million.
The centres run in one adjoining territory from Nottingham in the north to Welwyn Garden City and Bishop’s Stortford in the south, taking in Grantham, Peterborough, Cambridge and Milton Keynes.
Daksh Gupta, Marshall's chief executive, said: ”This acquisition is in line with our clear strategy to build strength through the depth of representation with our core brand partners, like Volvo, with whom we have an exceptionally strong relationship.”
The six existing Marshall Volvo businesses have generated a return on sales in excess of 2% in 2013 and a return on capital employed of 18.9%.