AAG ACQUIRE MULTIPLE FACTORS WITH TURNOVER OF EU 44.1M

Trading organisation, Alliance Automotive Group has confirmed that it acquired six UK businesses in the last quarter worth a total turnover of EU44.1m, with another two more recent purchases yet to be confirmed.

The 19-branch Mill Auto was the best-known acquisition by the trading group, with the annual turnover amount confirmed as EU 36.7m. The next highest value was Stockport-based CV Parts with turnover of EU 2.1m.

Other light vehicle distributor acquisitions include Keighley-based KG Motaquip, Hartlepool-based Advanced Motor Components and Newcastle upon Tyne based Northumbrian Motor Factors, each of which are single-branch factors.

Cargo Motor Factors, based in Newcastle under Lyme in Staffordshire was also bought.

Within the past week, there have been reports that a multi-branch factor in the North of England and a single branch firm in the South East have also been acquired.

Ed’s note: An earlier version of this story confused sale price and turnover. Apologies for any confusion it may have caused. 

 

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

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