acquisitions and deals
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People News 22 DecVertu Motors appoints new Vertu Motorcycles division brand director
Vertu Motors has promoted Honda Grantham general manager Mark Goode to the newly-created role of Vertu Motorcycles division brand director following the acquisition of BMW Motorrad Sunderland.
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Acquisitions and deals 21 DecMitchells courts new car franchises after Kerridges acquisition
Award-winning Groupe Renault retailer Mitchells is courting new car franchises after acquiring Vauxhall specialist Kerridges, at Halesworth.
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Acquisitions and deals 11 DecFix Auto Dagenham acquires Hainault franchise
The Fix Auto Dagenham business has acquired neighbouring Fix Auto Hainault from owner Roy Watts, who is retiring from the industry.
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Acquisitions and deals 7 DecVertu Motors completes Inchcape BMW and Mini dealership acquisitions
Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
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Supplier News 1 DecCar retail DMS giant CDK Global acquired by US tech investor for £1.1bn
Car retail DMS giant CDK Global has been sold to leading global investment firm Francisco Partners in a deal worth $1.45 billion (£1.08bn).
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Acquisitions and deals 23 NovStoneacre adds Lexus franchise with Jardine dealership acquisition
Stoneacre Motor Group has created a dual-brand Aston Martin and Lexus dealership in Newcastle after forging its first partnership with the Japanese premium brand via an acquisition from Jardine Motors Group.
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Acquisitions and deals 16 NovInchcape in ‘latter stages’ of Cooper BMW and Mini dealership disposals
Inchcape UK CEO James Brealey has asserted that his retail group remains “committed” to its BMW and Mini franchises after confirming it is in the latter stages of disposing of sites in the North East and Croydon.
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Car Dealer News 12 NovVertu Motors begins recruitment for BMW and Mini retail division
Vertu Motors has begun recruitment for a BMW division expected to be created from a multi-site acquisition to be completed during December.
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Acquisitions and deals 19 OctCitygate Automotive acquires Lookers’ West London Škoda car dealership
Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum.
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Acquisitions and deals 15 OctVertu confirms BMW acquisitions move after Inchcape disposals 'speculation'
Vertu Motors has confirmed that it is in discussion with a number of parties over the acquisition of “a number of BMW dealerships” following speculation that Inchape is set to sell a number of sites.
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Acquisitions and deals 2 Oct
Vertu Motors completes Sandicliffe Kia Nottingham dealership acquisition
Vertu Motors has completed the acquisition of Sandicliffe Motor Group’s Kia dealership in Nottingham.
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Acquisitions and deals 9 SepSwansway Garages acquires Inchcape Volkswagen dealership in Oldham
Inchcape has continued its recent string of UK dealership disposals with the sale of its Oldham Volkswagen car franchise to Swansway Garages.
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Acquisitions and deals 9 SepEstar Truck and Van saves 340 jobs with Roanza dealerships acquisition
Estar Truck and Van have acquired certain parts of the Roanza Mercedes-Benz commercial vehicle franchised dealership goup and its subsidiary Premier Vehicle Rental Limited – saving 340 jobs.
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Acquisitions and deals 7 SepPendragon agrees disposal of Hornburg JLR dealerships in Los Angeles
Pendragon has agreed the £27.4 million sale of its Jaguar and Land Rover motor vehicle dealership located in Los Angeles, California.
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Acquisitions and deals 13 AugArden to acquire Inchcape BMW/Mini Tunbridge Wells car dealerships
Arden is poised to acquire Inchcape’s Cooper BMW and Mini car dealership operation in Tunbridge Wells, with the deal expected to be finalised by the end of this month.
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Acquisitions and deals 4 AugStoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group.
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Supplier News 31 JulAuto Trader looks to automate car sales journey with AutoConvert acquisition
Auto Trader is targeting further automation of the car sales process following the acquisition of finance, insurance and compliance software platform AutoConvert.
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Acquisitions and deals 14 JulCazoo completes acquisition of car supermarket group Imperial Cars
Online car sales start-up Cazoo has completed the acquisition of £201.4 million turnover, 18-site used car supermarket group Imperial Cars.
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Acquisitions and deals 10 JulMarshall completes acquisition of Jardine Aylesbury VW dealership
Marshall Motor Holdings has completed the acquisition of Jardine Motor Group’s Volkswagen dealership in Aylesbury.
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Acquisitions and deals 10 JulPeter Cooper Motor Group expands into Dorset with Think Cars acquisition
Peter Cooper Motor Group has expanded into Dorset with the acquisition of the £14 million turnover Think Cars SsangYong and prestige used car dealership.
