Jardine Motors Group has increased its BMW and Mini footprint with the purchase of Carrs dealerships in Bury St Edmunds.
A statement issued by the group said that the purchase underpins Jardine Motors Group’s strategic aim to “expand its number of BMW locations within the group’s offering”.
The Carrs BMW acquisition sees Jardine Motors Group add the successful family-run business - to be rebranded as Lancaster BMW - to its existing BMW location at Milton Keynes.
News of the acquisition comes just four days after AM reported that Jardine was planning to sell seven Toyota dealerships and two Lexus dealerships to the Steven Eagell Group in a deal which is expected to be completed later this month.
Mark Scramell, divisional director, Jardine Motors Group, said: “Acquiring the Carrs business is a great addition to the group and we look forward to working alongside the team in Bury St Edmunds to further strengthen their offer.
“As a business we are keen to invest in the BMW brand and its associated values of market-leading quality and drive to innovate.
“Alongside our BMW business in Milton Keynes, the purchase of Carrs enhances our BMW portfolio and this is something we intend to focus on going forward.”
Neil Williamson (pictured), chief executive, Jardine Motors Group, says: “The Carrs business is a prime example of a hugely successful family run operation and we are delighted to be adding it to the Jardine Group.
“We expect 2017 to be an exciting year for our business and we believe the partnership with our growing number of BMW brands will support our overall business success as we go forward.
“This strategic acquisition is another clear sign of our on-going commitment to invest across the group and deliver on our ambitious growth plans.”