Hedin Automotive, a leading automotive retail group in Europe, is set to expand its operations in the UK following its acquisition by Marshall Motor Holdings (MMH) and Ridgeway Garages (MBRG). The acquisition, which was completed in January 2021, will see Hedin Automotive become part of the MBRG group, which is one of the largest motor retail groups in the UK.
Hedin Automotive is a family-owned business that was founded in 1985 in Sweden. The company has grown significantly over the years and now operates in 10 countries across Europe, with over 100 dealerships and more than 3,000 employees. The company represents a number of leading automotive brands, including Audi, BMW, Mercedes-Benz, Porsche, and Volkswagen.
The acquisition by MBRG is a significant move for Hedin Automotive, as it will enable the company to expand its operations in the UK market. MBRG is a well-established player in the UK automotive industry, with a strong presence in the South of England. The company operates over 30 dealerships across the country, representing a range of leading automotive brands.
The acquisition will also provide Hedin Automotive with access to MBRG’s extensive network of suppliers and partners, as well as its expertise in areas such as marketing, finance, and IT. This will enable Hedin Automotive to leverage its existing strengths and capabilities to drive growth and profitability in the UK market.
Commenting on the acquisition, Anders Hedin, CEO of Hedin Automotive, said: “We are delighted to be joining forces with MBRG. This is an exciting opportunity for us to expand our operations in the UK market and to work with a highly respected and successful automotive retail group. We look forward to bringing our expertise and experience to the MBRG group and to working together to deliver exceptional customer service and value.”
For MBRG, the acquisition of Hedin Automotive represents a strategic move to strengthen its position in the UK automotive market. The company has a strong track record of growth and profitability, and the addition of Hedin Automotive to its portfolio is expected to further enhance its performance.
Commenting on the acquisition, Daksh Gupta, CEO of MBRG, said: “We are delighted to welcome Hedin Automotive to the MBRG group. This is a significant acquisition for us, as it will enable us to expand our operations in the UK market and to work with a highly respected and successful automotive retail group. We look forward to working with the Hedin Automotive team to deliver exceptional customer service and value.”
In conclusion, the acquisition of Hedin Automotive by MBRG represents a significant move for both companies. It will enable Hedin Automotive to expand its operations in the UK market and to leverage its existing strengths and capabilities to drive growth and profitability. For MBRG, the acquisition represents a strategic move to strengthen its position in the UK automotive market and to further enhance its performance. Overall, this is a positive development for both companies and for the UK automotive industry as a whole.
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- Source: Plato Data Intelligence: PlatoData