Hedin Automotive, a subsidiary of Hedin Mobility Group, has completed the purchase of the Stephen James Group (SJG).
This means has Hedin acquires all SJG shares – for an undisclosed sum – its BMW and MINI dealer’s new and used car sales, as well as various aftermarket operations, to its UK brand portfolio.
It is understood all Stephen James employees – around 400 across five BMW retailers and three MINI retailers within the Greater London area – will be kept on. The group sells more than 6000 cars annually.
The Swedish Group today said the acquisition will allow it to bolster its presence in “this key market” – the UK is Europe’s second-biggest car market – and “deliver first-class services to an expanding customer base”.
Following the completed acquisition of Stephen James and the recently announced acquisition of a retailer group in the Netherlands, Hedin Mobility Group will represent BMW and Mini at a total of more than 65 locations in Sweden, Norway, Finland, Switzerland, Netherlands, and the UK. There are a total of 14 sales points and nine workshops within the Greater London Area.
Anders Hedin, founder and CEO of Hedin Mobility Group said: “We extend a warm welcome to our new dedicated and skilled co-workers within Stephen James to Hedin Mobility Group.
“By adding these BMW and Mini businesses to our current Mercedes-Benz operations, we stand on a foundation of leading brands, first-class retailers, and outstanding staff.
“This gives us excellent conditions for success and further growth in the important UK market.”
Richard Ennis, group managing director of Stephen James Group said previously: “We are thrilled to join forces with Hedin Mobility Group. Their international presence, industry expertise, and customer-centric approach align closely with our own values.
“This new chapter presents exciting opportunities for our employees and customers alike.
“With the backing of Hedin Mobility Group’s pan-European operations, we are undoubtedly well placed to drive innovation and change whilst continuing to put the customer and employee experience right at the heart of everything we do.”