Lithia`s acquisition- the day after
February, 11 2024 Colchester, Essex SK
FordStore Lincoln joined other Evans Halshaw, Stratstone and Jardine Motors Group colleagues to celebrate the formation of Lithia UK.
US dealer group Lithia completes Pendragon takeover last week.-We reported
Sale caps a year-long period in which North American firms have bought some of UK’s biggest dealer groups.
The Lithia UK deal includes the purchase of Pendragon, parent company of the Evans Halshaw and Stratstone brands.
Lithia's successful ￡397 million bid prevailed over a joint bid from US rival Penske and Sweden's Hedin Group.
Lithia already had a foothold in the UK, thanks to the completion of its takeover of Jardine Motors Group in March last year with a successful bid reportedly totalling ￡300m.
#Lithia #automotive #retail #dealership #Pendragon #EvansHalshaw #Stratstone