ADVISED ON SALE OF COMPANYAutomotive
Acquired 100% of Business Operations
After approval from the Belgian Competition Authorities, the acquisition of two Mercedes-Benz dealerships in Sint-Niklaas and Lokeern was finalized. This means that Hedin Bil, through the brand Hedin Automotive, is present at fourteen locations in Belgium.
In August 2018, it was announced that I.A. Hedin Bil AB had through its subsidiary, Hedin Belgien Bil AB, entered into an agreement to acquire J-Automotive BVBA. The deal includes two full-service dealerships for Mercedes-Benz. Both dealerships operate under the brand Jacobs and are situated between Ghent and Antwerp, one in Lokeren and one in Sint-Niklaas.
- In 2018, we successfully took over the operations of 12 Mercedes-Benz dealerships around Ghent and Antwerp. At the same time, we entered into an agreement to acquire two dealerships between Ghent and Antwerp. I am very happy to announce that the deal was carried through as planned and we are taking the next step into a very interesting market, said CEO Anders Hedin.
Since April 2018, I.A. Hedin Bil runs twelve Mercedes-Benz dealerships around Ghent and Antwerp under the of brand Hedin Automotive. With this acquisition, Hedin Automotive will operate fourteen dealerships in the province of Flandern in Belgium.
I.A. Hedin Bil is one of the largest privately-owned automotive retailers in the Nordics, with 32 brands in the portfolio, offering full service for private and corporate customers. Financing, service and insurance are some of the components of the total offer. Hedin Bil is represented in more than 115 locations in Sweden, Norway and Belgium. Turnover in 2018 amounted to 21 bn SEK with 2 450 employees
IMAP advised the sellers throughout the process.