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.
Cox Automotive has acquired Spiers New Technologies, a provider for electric vehicle battery life cycle management, for an undisclosed sum.
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”.
Vertu Motors has acquired global vehicle lighting businesses Powerbulbs and Car Bulbs Direct, to join its existing online car parts retailer, Aceparts.
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.
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.
Automotive Transformation Group (ATG) has completed the acquisition of sector software provider Salesmaster just two weeks after its global launch.
Vertu Motors will operate Leicester’s Renault and Dacia franchised car dealerships in Leicester after acquiring the businesses from Renault Retail Group.
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.
Specialist Land Rover Defender dealership LR Motors has a new owner.
Riverside Motor Group has expanded with the acquisition of Harratts’ Honda dealership in Wakefield for an undisclosed sum.
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.
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.
Group 1 Automotive has added nine car dealerships to its UK operation with the acquisition of Robinsons Motor Group.
Keyloop has completed the acquisition of digital automotive retail documents specialist MotorDocs as it aims to become the sector’s leading technology provider.
DM Keith has completed the acquisition of the Leeds-based Ford and Kia franchised car retail business Ringways Group.
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
Marshall Motor Group has continued its 2021 acquisitions with the addition of Nissan Leicester to a growing franchised car dealership portfolio.
Used car advertising platforms Gumtree and Motors.co.uk are being offered for sale after Norwegian online advertising business Adevinta completed the acquisition of eBay Classifieds Group.
Cambria Automobiles could be trading as a private company by July 29 after a timeframe for the proposed management buy-out by chief executive Mark Lavery was decided this week.
