Eden Motor Group are pleased to announce the acquisition of Wokingham Motors Limited for an undisclosed sum, in a deal managed by our automotive partner, David Kendrick, who represented Wokingham Motors Limited.
Eden Motor Group, a Top 100 dealer group that has grown significantly since its incorporation in 2008, already represents a number of franchises including Vauxhall, Mazda, Fiat and Hyundai. The acquisition of Wokingham Motors which represents Peugeot as well as Vauxhall and Renault for aftersales, increases their strong market presence in the South East region.
Group Managing Director, Graeme Potts said:
“We are really pleased to announce the acquisition of Wokingham Motors which fits extremely well with our existing dealership locations. As a business we are always looking for acquisition opportunities that strategically fit and give good long term return on investment.
The business we have acquired has a history of strong performance and has a great reputation in the local market, which will only be further enhanced as part of the Eden Motor Group.”
David Kendrick comments
“Wokingham Motors has delivered a consistent performance under the Peugeot brand for many years and will no doubt continue to flourish under the Eden ownership. This transaction again illustrates further consolidation in the sector as regional groups such as Eden continue to grow and pick off local competitors through acquisition. We are in a market that hasn’t been busier for transactional activity that is for sure.”
For more information on the deal please click here.