acquisitions and deals
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Car Dealer News 16 SepCinch rebuffs ‘far-fetched’ Motorpoint acquisition rumours
Constellation Automotive’s cinch online car retail platform has strongly denied “far-fetched” rumours that it is lining up an approach to acquire used car supermarket giant Motorpoint.
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Car Dealer News 15 SepCambria takes further step to go private after successful buy-out
Cambria Automobiles has taken another step towards private ownership after announcing its intention to stop trading on the stock market by October 13.
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Car Dealer News 13 Sep
Cambria £82.5m takeover bid exceeds 75% required acceptance
Cambria Automobiles’ £82.5 million takeover by the car retail group’s chief executive Mark Lavery has now exceeded the required 75% acceptance rate needed to succeed.
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Acquisitions and deals 2 SepCox Automotive acquires EV battery life cycle company
Cox Automotive has acquired Spiers New Technologies, a provider for electric vehicle battery life cycle management, for an undisclosed sum.
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Car Dealer News 18 Aug
Cambria £82.5m takeover: CEO dismisses US investors’ ‘poor deal’ allegations
Cambria Automobiles chief executive Mark Lavery has dismissed angry US-based shareholders’ allegations that his £82.5 million takeover bid for the car retail PLC is akin to “stealing”.
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Acquisitions and deals 12 AugVertu Motors acquires new vehicle lighting businesses
Vertu Motors has acquired global vehicle lighting businesses Powerbulbs and Car Bulbs Direct, to join its existing online car parts retailer, Aceparts.
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Acquisitions and deals 9 AugStoneacre acquires Jardine Toyota dealerships in Durham and Sunderland
Stoneacre Motor Group has assumed responsibility for the entire Toyota North East Market Area after completing the acquisition of Jardine Motor Group dealerships in Durham and Sunderland.
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Acquisitions and deals 29 JulL&L Automotive acquires Mercedes-Benz Retail Group’s Hemel Hempstead dealership
L&L Automotive has acquired Mercedes-Benz Retail Group’s Hemel Hempstead dealership as the German premium car brand acts on plans to sell-off its UK retail operation.
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Supplier News 28 JulAutomotive Transformation Group completes Salesmaster acquisition
Automotive Transformation Group (ATG) has completed the acquisition of sector software provider Salesmaster just two weeks after its global launch.
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Acquisitions and deals 28 JulVertu Motors acquires RRG Renault and Dacia Leicester dealerships
Vertu Motors will operate Leicester’s Renault and Dacia franchised car dealerships in Leicester after acquiring the businesses from Renault Retail Group.
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Acquisitions and deals 20 JulRead Motor Group adds Stellantis brands with Beechdale Motor Group acquisition
Read Motor Group has added its first Stellantis new car franchises to its portfolio with the acquisition of Alfa Romeo Retailer of the Year Beechdale Motor Group.
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Acquisitions and deals 13 JulLR Motors under new ownership
Specialist Land Rover Defender dealership LR Motors has a new owner.
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Acquisitions and deals 12 JulRiverside Motor Group acquires Harratts Honda dealership in Wakefield
Riverside Motor Group has expanded with the acquisition of Harratts’ Honda dealership in Wakefield for an undisclosed sum.
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Supplier News 12 JulRTC sharpens focus on ‘big data’ with Autolytica acquisition
RTC Automotive Solutions has said it will help car retailers utilise ‘big data’ to deliver greater insight and drive better decision making following its acquisition of Autolytica.
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Supplier News 8 JulFleetMaster acquisition 'significantly extends' Cox Automotive mobility capabilities
Cox Automotive International president Martin Forbes said the business has signalled its intent to “significantly extend our mobility capabilities in Europe” with the acquisition of FleetMaster.
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Acquisitions and deals 7 JulGroup 1 Automotive completes nine-site Robinsons Motor Group acquisition
Group 1 Automotive has added nine car dealerships to its UK operation with the acquisition of Robinsons Motor Group.
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Acquisitions and deals 7 JulKeyloop acquires digital documents specialist Motordocs
Keyloop has completed the acquisition of digital automotive retail documents specialist MotorDocs as it aims to become the sector’s leading technology provider.
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Acquisitions and deals 6 JulDM Keith adds Ford and Kia franchises with Ringways Group acquisition
DM Keith has completed the acquisition of the Leeds-based Ford and Kia franchised car retail business Ringways Group.
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Acquisitions and deals 2 JulEvolution Funding targets £1bn car finance goal after Click Dealer acquisition
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
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Acquisitions and deals 1 JulMarshall Motor Group completes Nissan Leicester dealership acquisition
Marshall Motor Group has continued its 2021 acquisitions with the addition of Nissan Leicester to a growing franchised car dealership portfolio.
